A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Cost-Benefit Analysis and Ecological Discounting
https://orcid.org/http://orcid.org/0000-0002-1740-7806
https://orcid.org/http://orcid.org/0000-0002-3874-3606
The discounting of costs and benefits is a critical operation when projects, plans and programmes with long-term extra-financial effects need to be assessed. Therefore, the aim of the paper is first to show the potential deriving from the use of specific procedures to discount the environmental impact of the investment, then to define a probabilistic model for the estimate of the “ecological” Declining Discount Rate and “economic” Declining Discount Rate. The implementation of the model to the data of the Italian economy returns an ecological discount rate lower than the economic one. This means giving more weight to environmental externalities rather than strictly financial repercussions. This has a clear impact on the decision-making process for projects with intergenerational environmental implications.
Cost-Benefit Analysis and Ecological Discounting
https://orcid.org/http://orcid.org/0000-0002-1740-7806
https://orcid.org/http://orcid.org/0000-0002-3874-3606
The discounting of costs and benefits is a critical operation when projects, plans and programmes with long-term extra-financial effects need to be assessed. Therefore, the aim of the paper is first to show the potential deriving from the use of specific procedures to discount the environmental impact of the investment, then to define a probabilistic model for the estimate of the “ecological” Declining Discount Rate and “economic” Declining Discount Rate. The implementation of the model to the data of the Italian economy returns an ecological discount rate lower than the economic one. This means giving more weight to environmental externalities rather than strictly financial repercussions. This has a clear impact on the decision-making process for projects with intergenerational environmental implications.
Cost-Benefit Analysis and Ecological Discounting
https://orcid.org/http://orcid.org/0000-0002-1740-7806
https://orcid.org/http://orcid.org/0000-0002-3874-3606
The discounting of costs and benefits is a critical operation when projects, plans and programmes with long-term extra-financial effects need to be assessed. Therefore, the aim of the paper is first to show the potential deriving from the use of specific procedures to discount the environmental impact of the investment, then to define a probabilistic model for the estimate of the “ecological” Declining Discount Rate and “economic” Declining Discount Rate. The implementation of the model to the data of the Italian economy returns an ecological discount rate lower than the economic one. This means giving more weight to environmental externalities rather than strictly financial repercussions. This has a clear impact on the decision-making process for projects with intergenerational environmental implications.
Cost-Benefit Analysis and Ecological Discounting
Smart Innovation, Systems and Technologies
Bevilacqua, Carmelina (editor) / Calabrò, Francesco (editor) / Della Spina, Lucia (editor) / Nesticò, Antonio (author) / Maselli, Gabriella (author)
INTERNATIONAL SYMPOSIUM: New Metropolitan Perspectives ; 2020 ; Online, Italy
2020-09-01
11 pages
Article/Chapter (Book)
Electronic Resource
English
Cost-Benefit Analysis and Ecological Discounting
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