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A model for investment decision support based on multicriteria analysis
| Content Provider | Semantic Scholar |
|---|---|
| Author | Glazyrina, Irina P. |
| Copyright Year | 2006 |
| Abstract | The conventional implementation of polluter pays principle (PPP) in many countries is based on the use of an environmental tax, which is determined proportionally to the amount of emissions of the polluting substances. Using a specific mathematical model this study shows that this practice is not adequate for the real negative impact if the pollutant accumulates to a stock in the environment. Moreover, in many cases there is a danger of an unavoidable conflict between the interests of society as a whole and the interests of private business, generated by these procedures of PPP implementation. This paper also presents a mathematical formula (obtained as an analytical result) which expresses the time period, when the conflict arises, therefore it is called “the time boundary of investment expediency”. On the basis of the model analysis, “a corrected” amount of environmental tax which covers the negative effect on social welfare is suggested. One of results of the model analysis demonstrates that this tax should be dependent on the lifetime of the production project, not only on the amount of emitted pollution. This approach allows to construct specific information system for the calculation of several indicators which provide quantitative characteristics for evaluation of production projects (eco-intensity, eco-efficiency, interests on ecological debt etc.). The information system can be used for comparative analysis of different investment projects and for the forecast of the consequences of decision taken. The study gives also some practical tools for strengthening governance in the environmental sector and for the evaluation of investment initiatives from a “quality of growth” point of view. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://scholarsarchive.byu.edu/cgi/viewcontent.cgi?article=3386&context=iemssconference |
| Alternate Webpage(s) | http://former.iemss.org/sites/iemss2006/papers/s8/S8_Glazyrina.pdf |
| Alternate Webpage(s) | https://scholarsarchive.byu.edu/cgi/viewcontent.cgi?article=3026&context=iemssconference |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
