Abstract
Two methodologies for evaluating environmental benefits arising from investment in the aquatic environment have been applied to a series of nine case studies. One methodology was developed by the Foundation for Water Research (FWR), the other is based on a marketing approach translated to the aquatic environment. Results suggest broader consideration of demand and supply-side factors, offered by the marketing-based approach, enables a clearer understanding of anthropogenic use of aquatic resources to be developed. Consequently, estimated environmental benefits are more likely to reflect actual levels of resource use and the nature of a given site, and provide a strategic perspective on investment appraisal. In addition, a rapid assessment technique emerges which facilitates an efficient methodology focusing on essential assessment criteria.
Original language | English |
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Pages (from-to) | 11-24 |
Number of pages | 14 |
Journal | Journal of Environmental Management |
Volume | 56 |
Issue number | 1 |
DOIs | |
Publication status | Published - 1 May 1999 |
Keywords
- investment appraisal
- environmental benefit evaluation
- aquatic environment
- foundation for water benefit assessment manual