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- W639412932 abstract "This paper aims to give a brief summary of environmental valuation from the viewpoint of an economist within the transport side of the UK Department of the Environment, Transport and the Regions (DETR); the views expressed are those of its author. The broad principle that the benefits of government actions should exceed the costs has been applied in the DETR in a wide range of contexts, ranging from appraising the case for investment in road and rail schemes to assessing the objectives for pollution levels in the National Air Quality strategy. Two major problems in translating such assessments into practice are that categories of cost and benefit like environmental impacts are difficult to measure and quantify in monetary terms. One way of addressing them is to set environmental standards or targets, then use cost-effectiveness analysis to determine the least cost ways of meeting them. On the transport side of the DETR, individuals' 'willingness to pay' seems to have been widely accepted as the appropriate basis for valuing non-marketed goods, thus an appropriate starting point for environmental valuation. DETR initiatives in environmental evaluation include those on literature surveys, stated preference techniques, traffic nuisance in homes, air pollution, amenity benefits of land, and aggregates. For the covering abstract, see IRRD E100071." @default.
- W639412932 created "2016-06-24" @default.
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- W639412932 date "1997-01-01" @default.
- W639412932 modified "2023-09-26" @default.
- W639412932 title "DETERMINING MONETARY VALUES OF ENVIRONMENTAL IMPACTS: A DEPARTMENT OF THE ENVIRONMENT, TRANSPORT AND THE REGIONS PERSPECTIVE" @default.
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