Interdisciplinary perspectives on environmental appraisal and valuation techniques

Geoffrey Hammond, A Winnett

Research output: Contribution to journalArticle

Abstract

Techniques of environmental appraisal and valuation play an important role in the context of sustainability assessment. They are at the heart of methods for quantifying economic and social costs and benefits, as well as the direct ecological impacts that are an inevitable side-effect of material ‘progress’. Concepts such as the physical life cycle of products and processes, and the need for clearly defined system boundaries, are key elements in environmental problem-solving. However, some economists would claim that, as a ‘normative’ discipline, their methods can be extended to incorporate all of society's environmental concerns. In contrast, engineers and environmental professionals have at times argued that economic techniques (such as cost–benefit analyses) may well obscure the impacts of different courses of action, and that decision makers consequently become less well informed rather than the reverse. Aggregate decision criteria, for example, often conceal the weighing of various impacts. By contrast, the sort of ‘prescriptive’ analytical tools emanating from engineering and the physical sciences can provide alternative insights that complement those that spring from economics. These include thermodynamic (energy and exergy) analysis and environmental life-cycle assessment. A range of interrelated environmental project appraisal techniques is therefore examined in order to determine their relative merits. Practical examples involving resource (energy and hydraulic oil) use, pollutant emissions, and waste disposal and recycling (of hydraulic oils) indicate that many of these methods can play an important evaluative role as part of an interdisciplinary toolkit within a general systems framework. Nevertheless, caution needs to be used when adopting economic and engineering analysis techniques so as to ensure that they are fit for their sustainability purpose.
Original languageEnglish
Pages (from-to)117-130
Number of pages14
JournalProceedings of the Institute of Civil Engineers - Waste and Resource Management
Volume159
Issue number3
DOIs
Publication statusPublished - 2006
EventProceedings of the Institute of Civil Engineers: Waste and Resource Management -
Duration: 1 Jan 2006 → …

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valuation
Economics
economics
Sustainable development
Life cycle
life cycle
Hydraulics
sustainability
physical science
hydraulics
engineering
exergy
oil
Exergy
ecological impact
Weighing
Energy resources
energy resource
Waste disposal
waste disposal

Cite this

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title = "Interdisciplinary perspectives on environmental appraisal and valuation techniques",
abstract = "Techniques of environmental appraisal and valuation play an important role in the context of sustainability assessment. They are at the heart of methods for quantifying economic and social costs and benefits, as well as the direct ecological impacts that are an inevitable side-effect of material ‘progress’. Concepts such as the physical life cycle of products and processes, and the need for clearly defined system boundaries, are key elements in environmental problem-solving. However, some economists would claim that, as a ‘normative’ discipline, their methods can be extended to incorporate all of society's environmental concerns. In contrast, engineers and environmental professionals have at times argued that economic techniques (such as cost–benefit analyses) may well obscure the impacts of different courses of action, and that decision makers consequently become less well informed rather than the reverse. Aggregate decision criteria, for example, often conceal the weighing of various impacts. By contrast, the sort of ‘prescriptive’ analytical tools emanating from engineering and the physical sciences can provide alternative insights that complement those that spring from economics. These include thermodynamic (energy and exergy) analysis and environmental life-cycle assessment. A range of interrelated environmental project appraisal techniques is therefore examined in order to determine their relative merits. Practical examples involving resource (energy and hydraulic oil) use, pollutant emissions, and waste disposal and recycling (of hydraulic oils) indicate that many of these methods can play an important evaluative role as part of an interdisciplinary toolkit within a general systems framework. Nevertheless, caution needs to be used when adopting economic and engineering analysis techniques so as to ensure that they are fit for their sustainability purpose.",
author = "Geoffrey Hammond and A Winnett",
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AB - Techniques of environmental appraisal and valuation play an important role in the context of sustainability assessment. They are at the heart of methods for quantifying economic and social costs and benefits, as well as the direct ecological impacts that are an inevitable side-effect of material ‘progress’. Concepts such as the physical life cycle of products and processes, and the need for clearly defined system boundaries, are key elements in environmental problem-solving. However, some economists would claim that, as a ‘normative’ discipline, their methods can be extended to incorporate all of society's environmental concerns. In contrast, engineers and environmental professionals have at times argued that economic techniques (such as cost–benefit analyses) may well obscure the impacts of different courses of action, and that decision makers consequently become less well informed rather than the reverse. Aggregate decision criteria, for example, often conceal the weighing of various impacts. By contrast, the sort of ‘prescriptive’ analytical tools emanating from engineering and the physical sciences can provide alternative insights that complement those that spring from economics. These include thermodynamic (energy and exergy) analysis and environmental life-cycle assessment. A range of interrelated environmental project appraisal techniques is therefore examined in order to determine their relative merits. Practical examples involving resource (energy and hydraulic oil) use, pollutant emissions, and waste disposal and recycling (of hydraulic oils) indicate that many of these methods can play an important evaluative role as part of an interdisciplinary toolkit within a general systems framework. Nevertheless, caution needs to be used when adopting economic and engineering analysis techniques so as to ensure that they are fit for their sustainability purpose.

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