ENVIRONMENTAL IMPACT OF POWER CYCLES: 2. METHODOLOGICAL PROBLEMS OF VALUATION OF ECONOMIC DAMAGE (PREPRINT IBRAE-1999-11)

Preprint IBRAE-99-11

Afanasiev A.A. 

Methodological bases of valuation of economic damage due to energy objects impact on the people health and the environment are considered. It is shown that the most adequate measure of environmental damage appropriate for use in the cost-benefit analysis is the cost of environmental risk. Different techniques of risks and damages valuation, including economic valuation of environmental effects that have no market prices, are discussed. A particular attention is made to the definition of discounting rate appropriate for economic valuations of environmental damage. An analysis of valuations of health risks is carried out. 

Bibliographical reference

Afanasiev A.A. ENVIRONMENTAL IMPACT OF POWER CYCLES: 2. METHODOLOGICAL PROBLEMS OF VALUATION OF ECONOMIC DAMAGE (in Russian). Preprint IBRAE-99-11. Moscow: Nuclear Safety Institute. December 1999. 48 p. — Refs.: 112 items.