Economic Analysis of Environmental Impacts

The past several decades have witnessed a growing realization that economic development and environmental management are mutually supporting goals. Accompanying this realization has been an important transition in the policies and implementation strategies of major international development and finance organizations such as the Asian Development Bank (ADB) and the World Bank. Both the World Bank and ADB are now actively involved in the effort to promote development which is both economically and environmentally sustainable. The World Bank has created a Vice Presidency for environmentally sustainable development and the ADB has an office of the environment to lead the efforts. This report focuses on methods for economic valuation and analysis of environmental impacts. The application of analytical tools will contribute to the essential transition from environmental policy to practice.