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Content archived on 2024-04-19

Green accounting: comparison of monetary valuation and "extasy" method

Objective

This project is concerned with participation in a joint exercise with Eurostat on a comparison of two methods of assessing environmental pressures: - the monetary estimation of environmental damages in the context of environmental accounting; - and the EXTASY (Expert Topic Assessment System) model which consists of a large number of experts each allocating a given number of points to well-defined environmental problems. The results are then used to assess the degree of agreement as to what are the most serious concerns at the expert level, and also to quantify environmental damage for categories which cannot be quantified in monetary terms.

The final report will give a range of estimates for the damage in ECU. Where possible, it will provide estimates for damage as a whole, as well as identifying the actors whose economic activities are causing it. A separate report will be jointly prepared, comparing the results of the monetary damage exercise and that of the set of expert valuations.

The results of this study should complement the "bottom-up" approach of the Fuel Cycle study, in providing national level damage monetary estimates. These will be compared with those from the ranking methods.

It is proposed that a monetary evaluation of damage be carried out at the national level for Italy, Germany, the Netherlands and the United Kingdom. The areas to be examined are:
- air pollution; - air pollution on material damages; - noise from roads and air traffic - damages from long distance sulphur and nitrate deposits including damage to
agriculture, forests, biodiversity and
water.

The estimation of damage will be based on a range of techniques which are familiar to environmental economists. All of these areas will also be covered by the EXTASY study.

The final report will give a range of estimates for the damage in ECU. Where possible, it will provide estimates for damage as a whole, as well as identifying the actors whose economic activities are causing it. A separate report will be jointly prepared, comparing the results of the monetary damage exercise and that of the set of expert valuations.

The results of this study should complement the "bottom-up" approach of the Fuel Cycle study, in providing national level damage monetary estimates. These will be compared with those from the ranking methods.

Fields of science (EuroSciVoc)

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Programme(s)

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Topic(s)

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Call for proposal

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Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

CSC - Cost-sharing contracts

Coordinator

Metroeconomica Ltd
EU contribution
No data
Address
Court House
DT6 6RF Bridport
United Kingdom

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Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

No data

Participants (3)

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