European Environmental Agency
How to count depletion of resources, when they are not inventoried, or when no property rights exist? How to monetize non market impacts (because of trade or because of international externalities such as carbon dioxide exports) outside the European borders? Leaving money values aside, there is the problem of how to integrate the physical indicators themselves since they are normally show contradictory trends. During the last two decades, more support has emerged for the view that welfare is a multidimensional concept, thus the conventional complete commensurability principle can be questioned. Multicriteria evaluation can be a very useful tool for operationalizing environmental policy under conditions of complexity.
Bibliographic Reference: Article: Expert's Corner
Record Number: 199710396 / Last updated on: 1997-04-23
Original language: en
Available languages: en