Environmental valuation and assessment: An analytical approach

This paper deals with sustainable modes of development. It will bring forth methods of valuation of our activities, analysing as to how and to what extent our activities are environmentally damaging. This will be of help to those interested in a deeper and analytical understanding of the environment and for researchers and policy makers. This paper will be of help to all those interested in the preservation and conservation of the environment. It will talk about the method of managing our environmental problems.

The United Nation's made its report preceding the World Biodiversity Day tangentially about food, foreseeing price hikes, shortages and wars, all plausible consequences of the world's failure to halt biodiversity loss¹. Therefore we have to know how people value the environment quality, how they are hurt when this quality is degraded, and who the beneficiaries are and who the losers are when this quality is improved through policy initiatives.

The analysis of environmental economics involves concepts such as externality, efficiency, trade-offs, costs and benefits etcetera. It is a way of examining the various trade-offs involved, in environmental issues that we confront. It also throws light on the natural environment, and how we might restructure the prevailing system and associated practices to rectify harmful outcomes.