Environmental Economy - Integrated Assessment of Environmental Costs and Investments

The common goal of methods for calculating the environmental costs is to highlight the extent of change of the resource potential and hence the property owner's welfare in monetary terms, which allows assessment of the costs, or comparing alternatives. Integrated assessment of costs shall apply in particular to study the impact of various activities on the environment, but due to the accuracy in achieving high fidelity evaluations, it applies to local government and decision making for the allocation of public funds or resources. To achieve a cost-environmental investment model requires a review of all economic activity in terms of efficiency, coupled with environmental problems.