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Title: National Centre for Risk Analysis and Options Appraisal guidance on economic appraisal in the Environment Agency
Author: Jonathan Fisher
Author: Vicky Pollard
Author: Ronan Palmer
Author: Frazer Smith
Document Type: Monograph
Annotation: EA additional title info: guidance note 29
Abstract:
This paper provides guidance for senior managers in the Agency on: Why they may need to carry out an economic appraisal because of the legal duties under Sections 4 and 39 of the 1995 Environment Act and because of the need to allocation and use efficiently the Agencys limited resources(Section 2); What economic services could help them to carry out economic appraisals (Section 4); How they can select the level and type of economic appraisal that is appropriate to their circumstances so that they can readily commission such appraisals. It also explains the key elements of such appraisals (Sections 6 and 7). An economic appraisal is an important part of integrated options appraisals. It should build on outputs of the scientific analyses of the environmental impacts and be linked closely with deliberative and participatory processes (eg public consultation). The purpose of an economic appraisal is to aid decision-makers by analysing the likely environmental and economic implications of alternative options so as to seek the best option which yields the greatest environmental benefits at the lowest costs and so as to ensure that the option selected can be efficiently implemented.
Publisher: Environment Agency
Publication Date: 1999
Publication Place: London
Subject Keywords: Economic indicatorsRisk assessmentRisk managementEnvironmental economicsGuidelines
Extent: 17
Permalink: http://www.environmentdata.org/archive/ealit:1774
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