IDEAS home Printed from https://ideas.repec.org/a/taf/jenpmg/v47y2004i6p921-941.html
   My bibliography  Save this article

Value-oriented impact assessment: the economics of a new approach to impact assessment

Author

Listed:
  • Frank Figge
  • Tobias Hahn

Abstract

Environmental Impact Assessment has gained a prominent position as a tool to evaluate the environmental effects of economic activities. However, all approaches proposed so far use a burden-oriented logic. They concentrate on the different environmental impacts in order to ascertain the overall environmental damage caused by economic activity. This paper argues that such a burden-oriented view is (a) hampered by a series of methodological shortcomings which hinders its widespread use in practice; and (b) is analytically incomplete. The paper proposes a value-oriented approach to impact assessment. For this purpose an economic analysis of the optimal use of environmental and social resources is conducted from both a burden-oriented and a value-oriented standpoint. The basic logic of a value-oriented impact assessment is explained, as well as the resulting economic conditions for an optimal use of resources. In addition, it is shown that value- and burden-oriented approaches are complementary to achieve optimality. Finally, the paper discusses the conditions under which the use of burden- or value-oriented impact assessments is appropriate, respectively.

Suggested Citation

  • Frank Figge & Tobias Hahn, 2004. "Value-oriented impact assessment: the economics of a new approach to impact assessment," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 47(6), pages 921-941.
    • Handle: RePEc:taf:jenpmg:v:47:y:2004:i:6:p:921-941
    DOI: 10.1080/0964056042000284901
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/0964056042000284901
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/0964056042000284901?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Frank Figge & Tobias Hahn, 2004. "Environmental Shareholder Value Matrix. Konzeption, Anwendung und Berechnung," Others 0408009, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Van Passel, Steven, 2008. "Assessing farm sustainability with value oriented methods," 2008 International Congress, August 26-29, 2008, Ghent, Belgium 44141, European Association of Agricultural Economists.
    2. María D. López‐Gamero & Patrocinio Zaragoza‐Sáez & Enrique Claver‐Cortés & José F. Molina‐Azorín, 2011. "Sustainable development and intangibles: building sustainable intellectual capital," Business Strategy and the Environment, Wiley Blackwell, vol. 20(1), pages 18-37, January.
    3. Merante, Paolo & Van Passel, Steven & Pacini, Cesare, 2015. "Using agro-environmental models to design a sustainable benchmark for the sustainable value method," Agricultural Systems, Elsevier, vol. 136(C), pages 1-13.
    4. Figge, Frank & Hahn, Tobias & Barkemeyer, Ralf, 2014. "The If, How and Where of assessing sustainable resource use," Ecological Economics, Elsevier, vol. 105(C), pages 274-283.
    5. Lauwers, Ludwig, 2009. "Justifying the incorporation of the materials balance principle into frontier-based eco-efficiency models," Ecological Economics, Elsevier, vol. 68(6), pages 1605-1614, April.
    6. Grzelak Aleksander, 2019. "Accumulation of assets in farms covered by the FADN farm accountancy system in Poland – the economic and eco-efficiency context," Management, Sciendo, vol. 23(2), pages 281-294, December.
    7. Ang, Frederic & Van Passel, Steven & Mathijs, Erik, 2011. "An aggregate resource efficiency perspective on sustainability: A Sustainable Value application to the EU-15 countries," Ecological Economics, Elsevier, vol. 71(C), pages 99-110.
    8. Frank Figge, 2005. "Value‐based environmental management. From environmental shareholder value to environmental option value," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 12(1), pages 19-30, March.
    9. Figge, Frank & Givry, Philippe & Canning, Louise & Franklin-Johnson, Elizabeth & Thorpe, Andrea, 2017. "Eco-efficiency of Virgin Resources: A Measure at the Interface Between Micro and Macro Levels," Ecological Economics, Elsevier, vol. 138(C), pages 12-21.
    10. Tobias Hahn & Frank Figge, 2011. "Beyond the Bounded Instrumentality in Current Corporate Sustainability Research: Toward an Inclusive Notion of Profitability," Journal of Business Ethics, Springer, vol. 104(3), pages 325-345, December.
    11. Van Passel, Steven & Nevens, Frank & Mathijs, Erik & Van Huylenbroeck, Guido, 2007. "Measuring farm sustainability and explaining differences in sustainable efficiency," Ecological Economics, Elsevier, vol. 62(1), pages 149-161, April.
    12. Figge, Frank & Hahn, Tobias, 2012. "Is green and profitable sustainable? Assessing the trade-off between economic and environmental aspects," International Journal of Production Economics, Elsevier, vol. 140(1), pages 92-102.
    13. Di Maio, Francesco & Rem, Peter Carlo & Baldé, Kees & Polder, Michael, 2017. "Measuring resource efficiency and circular economy: A market value approach," Resources, Conservation & Recycling, Elsevier, vol. 122(C), pages 163-171.
    14. Kortelainen, Mika, 2008. "Dynamic environmental performance analysis: A Malmquist index approach," Ecological Economics, Elsevier, vol. 64(4), pages 701-715, February.
    15. Moretti, Michele & De Boni, Annalisa & Roma, Rocco & Fracchiolla, Mariano & Van Passel, Steven, 2016. "Integrated assessment of agro-ecological systems: The case study of the “Alta Murgia” National park in Italy," Agricultural Systems, Elsevier, vol. 144(C), pages 144-155.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.

      More about this item

      Statistics

      Access and download statistics

      Corrections

      All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:jenpmg:v:47:y:2004:i:6:p:921-941. See general information about how to correct material in RePEc.

      If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

      If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

      If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

      For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/CJEP20 .

      Please note that corrections may take a couple of weeks to filter through the various RePEc services.

      IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.