Community Research and Development Information Service - CORDIS

Abstract

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.

Additional information

Authors: FUNTOWICZ S O, JRC Ispra (IT);MARTINEZ-ALIER J, Universitat Autonoma di Barcelona, Departement d'Economia I d'Historia Economica (ES);MUNDA G, Universitat Autonoma di Barcelona, Departement d'Economia I d'Historia Economica (ES);RAVETZ J, Research Methods Consultancy London (GB)
Bibliographic Reference: Article: Expert's Corner
Follow us on: RSS Facebook Twitter YouTube Managed by the EU Publications Office Top