Monetary Valuation of Environmental Impacts

Models and Data

Bengt Steen

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English

CRC Press
30 June 2021

Environmental economics

The book is meant to improve our understanding of sustainable development of production and consumption. Monetary values of the impact of emission and resources are determined, and used in environmental management, with a focus on sustainability. Values related to cultural context are not possible to predict, therefore ignored. The book only focuses on environmental goods and services that are used to satisfy basic human needs.

One of the benefits of monetary valuation is its holistic approach. The impact of any contributing factor on the total value, can be determined, and the sensitivity to uncertainty in inputs can be estimated. This is useful in developing knowledge, where it is most needed.

In a society, there are many economic units which need to function in tandem to support human welfare. Each unit has its own system boundary in what it includes and covers in time and space. The system boundary of a sustainable unit is likely to be very long and wide. This book provides data on long term monetary values of environmental impacts from human activities. It discusses the choice of system boundaries, and how to use monetary values in sustainable development. A large part of the book describes impact models in terms of the relation between emissions and natural goods and services.

By: Bengt Steen
Imprint: CRC Press
Country of Publication: United Kingdom
Dimensions: Height: 234mm, Width: 156mm,
Weight: 381g
ISBN: 9781032086248
ISBN 10: 1032086246
Pages: 260
Publication Date: 30 June 2021
Audience: College/higher education , General/trade , Primary , ELT Advanced
Format: Paperback
Publisher's Status: Active

Preface. Introduction. Goal and Scope. History and outlook. Terms and definitions, abbreviations. Monetary values of environmental goods. Emissions of inorganic gases to air. Emissions of particles to air. Emissions of halogenated organic compounds to air. Emission of volatile organic compounds, VOC, to air. Emissions to water. Use of pesticides. Radionuclides. Littering. Land use. Global impacts. Applications in product and process development. Reflections and prospects. Summary.

Prof. Emeritus Bengt Steen got his PhD in chemical engineering at Chalmers University of Technology in Sweden 1975, where he still is active. He is one of the developers of the EPS system, an LCA tool for product development. He has been active within ISO in several working groups and contributed to the ISO standard 14044 on LCA, 14045 on eco-efficiency and 14008 on monetary valuation of environmental impacts; the last two as a convenor.