Economic appraisal of environmental effects: district heating project case study in Former Yugoslavia
1997
This article presents an objectively based approach to valuation of the environmental effects of a power plant reconstruction project. The economic value of hypothetical investment cost in throwaway flue gas desulphurisation systems is used as a surrogate measure for environmental benefits actually realised by extinguishing furnaces in the local heat plants. Such estimated benefits are incorporated in a cost-benefit framework.
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