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.

Part I, From Theory to Practice: Development, Environment and the Role of Economic Analysis * Assessing Impacts and Setting Priorities * Economic Measurement of Environmental Impacts - Theoretical Basis and Practical Applications * Generally Applicable Techniques of Valuing Environmental Impacts * Selectively Applicable Techniques of Valuing Impacts * Potentially Applicable Techniques of Valuing Environmental Impacts * The Limits to Economic Measurement of Environmental Impacts * Part II, Case Studies: Nepal Hill Forest Development Project * Mangrove Valuation in Bintuni Bay, Irian Jaya, Indonesia * Estimating the Health Impact of Air Pollution: Methodology and Application to Jakarta * Benefits and Costs of Soil Conservation in the Loess Plateau of China * Tongonan Geothermal Power Plant, Leyte, Philippines * The Benefits and Costs of Establishing a National Park in Madagascar * An Economic and Ecological Analysis of the Bonaire Marine Park * Willingness to Pay for Improved Water Supplies in Onitsha, Nigeria * Setting Priorities in Central and Eastern Europe * References * Index