This book is open access under a CC BY 4.0 license. This book presents methods to evaluate sustainable development using economic tools. The focus on sustainable development takes the reader beyond economic growth to encompass inclusion, environmental stewardship and good governance. Sustainable Development Goals (SDGs) provide a framework for outcomes. In illustrating the SDGs, the book employs three evaluation approaches: impact evaluation, cost-benefit analysis and objectives-based evaluation. The innovation lies in connecting evaluation tools with economics. Inclusion, environmental care and good governance, thought of as “wicked problems”, are given centre stage. The book uses case studies to show the application of evaluation tools. It offers guidance to evaluation practitioners, students of development and policymakers. The basic message is that evaluation comes to life when its links with socio-economic, environmental, and governance policies are capitalized on.

A title in The New Horizons in Environmental Economics series, this is a guide to appropriate policies for environmental management and sustainable development. The topics covered include project evaluation and policies to control environmental spillovers, pollution contol policies, recent policy proposals for caring for the Earth and project appraisal and sustainability.

This comprehensive and accessible textbook addresses important relationships between economics and environmental policy, especially highlighting the role of taxation. It also connects environmental policy to social accounting by describing how measures of welfare and sustainable development depend on whether policies successfully internalize market failures. The authors discuss how the modern literature on environmental taxation and tradable permits has evolved. Environmental taxation is examined from a purely corrective perspective, and as part of a broader system of optimal taxation that reflects distributional objectives. Cost benefit rules of environmental policy reforms are also examined in various contexts. Key features include: ? Examination of optimal tax policy in static and dynamic general equilibrium models with environmental externalities? Examination of cost benefit rules for environmental policy reforms? Essential historical background to the modern literature on environmental policy? Discussion of measures of welfare and sustainable development? Environmental policy from a fiscal federalism perspective. This textbook will be essential reading for those studying environmental economics and environmental policy, working effectively as both an in-depth supplementary text in general courses on environmental economics and a strong main source for environmental policy courses.

OED's evaluation has been timed to inform the preparation of the new Environment Strategy Paper. The evaluation is based on the synthesis of self-evaluation assessments, case studies of selected countries, background reviews of selected areas, surveys and interviews of Bank staff, and consultations with stakeholders in four regions. An Advisory Panel reviewed drafts and served as a sounding board for the recommendations. A concluding Workshop on the Bank's Environment Strategy and OED's Environment Review provided an opportunity for participants to comment on the Review findings and on the draft Environment Strategy, and to discuss next steps in implementation. In addition to OED's Review, we are pleased to share with you the report of OED's Advisory Panel, and the Facilitator's Summary of the concluding workshop.

'Impact assessment of various types is now a widely used policy tool. This volume helpfully brings together conceptual discussions and case-studies to illustrate how impact assessment can be used to address issues of sustainability. It should be of considerable interest both to academic researchers and to practitioners concerned with the implementation of policies to support sustainable development.' - John Weiss, University of Bradford, UK The translation of the principle of sustainable development into policy and practice, and the evaluation of the outcomes of these strategic interventions, are some of the most pressing challenges facing policymakers in Europe and beyond. By exploring the conceptual and methodological issues relating to the evaluation of sustainable development, and analysing European practice and experience, the sixteen chapters in this volume provide a coherent and integrated contribution to our understanding of these issues. This volume will be of interest to researchers, policy analysts and practitioners in the area of impact assessment and sustainable development.

- The Discount Rate.

This revised and updated guide to the environmental economics of development projects demonstrates how the environmental impacts of projects can be translated into monetary values. The theoretical bases are examined, and the techniques themselves given detailed exposition, supported by extensive case studies illustrating a wide range of applications. The text should become a useful complement to all standard forms of project analysis.

Time and resources are often limiting factors to the project analyst, so practicality forms an integral part of this guide to the economic evaluation of the impact of projects on the environment. It makes use of case material, using cost-benefit analysis as the decision framework.