The impact of economic and political decisions on the environment is¬†often neglected. Several reasons explain this :
- Legislation and regulation remains incomplete¬†and does not guarantee that the external environmental and social costs generated¬†by economic activities are considered as part of¬†the decision making process.
- The consequences of environmental deterioration are indirect, they are sometimes scientifically difficult to quantify¬†and only apparent¬†long after the actual damage occurs.
- The value of environmental benefits is difficult¬†to¬†quantify given the absence of market pricing, therefore making it complicated to reflect in financial accounting.
Since the first studies¬†by the World Bank at the end of the ’90s, ecosys has acquired¬†significant¬†experience in valuing environmental impacts in monetary terms. From a methodological point of view, our approach¬†is to¬†develop decision making tools (cost-benefit analysis, multi-criteria analysis) which take into account not only the usual costs and benefits, but also a quantification of the environmental and social aspects¬†of any project.
Our expertise and services:
- Economic analysis of the environment
- Economic valuation of environmental damage, and priority setting for remediation measures on a micro, meso and macro economical scale
- Cost-benefit analysis : net present value, return on investment and payback period
- Multi-criteria analysis
- Assessment of the cost of failing to consider¬†environmental and social¬†impacts
- Valuing environmental and social benefits generated by measures and strategies for¬†sustainable development
- Economic analysis of remediation measures (avoiding/repairing environmental damage)