Combination of monetary valuation techniques and application to environmental impact receptors

Abstract

Monetary valuation of environmental impacts is a highly complex matter. Several approaches and techniques have been employed over the last three decades in order to assess effectively environmental projects or policies, within the context of cost benefit analysis. The current paper demonstrates a concise description of the existing environmental impact appraisal methods and, simultaneously, a new combination of monetary valuation techniques applied in each potential receptor, which intends to provide an innovative multiperspective assessment concerning future environmental projects.