AgEcon Search

AgEcon Search >
       University of Western Australia, Agricultural and Resource Economics >
          Working Papers >

Please use this identifier to cite or link to this item: http://purl.umn.edu/156482

Title: Ranking Environmental Projects
Authors: Pannell, David J.
Authors (Email): Pannell, David J (david.pannell@uwa.edu.au)
Keywords: environment
economics
project prioritisation
uncertainty
behaviour change
risk
environmental values
technical feasibility
JEL Codes: D82
Q20
Q28
Issue Date: 2013-09-05
Series/Report no.: Working Paper
1312
Abstract: Environmental agencies and organisations face the challenge of deciding which of the many possible environmental projects they should support with their limited resources. Projects vary greatly in environmental benefits and costs, so selecting the best projects can make a major difference to the level of environmental benefits that can be generated for a given budget. Key principles for ranking environmental projects are presented and explained. A suitable formula to use as a metric for ranking projects is developed and explained. The formula accounts for environmental values, the effectiveness of management, time lags, behaviour change, various risks and various costs. The suggested formula includes a number of appropriate simplifications. A number of common mistakes to avoid are outlined.
Notes: Please see revised/updated version of this paper - Working Paper 1507 published April 2015.
URI: http://purl.umn.edu/156482
Institution/Association: University of Western Australia, School of Agricultural and Resource Economics>Working Papers
Total Pages: 45
Collections:Working Papers

Files in This Item:

File Description SizeFormat
RankingEnv2013.pdf408KbPDFView/Open
Recommend this item

All items in AgEcon Search are protected by copyright.

 

 

Brought to you by the University of Minnesota Department of Applied Economics and the University of Minnesota Libraries with cooperation from the Agricultural and Applied Economics Association.

All papers are in Acrobat (.pdf) format. Get Adobe Reader

Contact Us

Powered by: