Environmental valuation in European Union policy-making

Marco Grasso and Stefano Pareglio
Additional contact information
Marco Grasso: Università degli Studi di Milano Bicocca

Others from University Library of Munich, Germany

Abstract: This paper offers a critical review of natural resource valuation and points out the role of economic valuation in EU policy-making. First of all, we specify the meaning of the economic value of environmental amenities, illustrate the most reliable and often used economic valuation techniques, and their major weaknesses. We then point out the normative significance of environmental valuation in the evolution of the EU environmental consciousness, and distinguish between its different applications. According to this framework, we critically review the studies carried out in the last few years (1998-2001) by the European Commission DG Environment, which are both methodological and application-oriented. Furthermore, we carry out a restricted survey on research in Europe. Our analysis makes clear that the diffusion of environmental valuation in Europe is unsatisfactory and that decision- makers distrust is still strong.

Keywords: environmental valuation; cost-benefit analysis; environmental policy (search for similar items in EconPapers)
JEL-codes: D61 Q28 (search for similar items in EconPapers)
Date: 2002-11-11
New Economics Papers: this item is included in nep-agr and nep-eec
Note: Type of Document - acrobat reader; prepared on windows 98;
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://econwpa.ub.uni-muenchen.de/econ-wp/othr/papers/0211/0211001.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpot:0211001

Access Statistics for this paper

More papers in Others from University Library of Munich, Germany
Bibliographic data for series maintained by EconWPA ().