| Discussions of "sustainable development" call attention to various dimensions of human well-being to be considered concomitantly with traditional financial and economic measures. The challenge of environmental impact analysis (EIA) is to encourage re-design of projects so that net benefits are maximized over some weighting of economic, environmental, and other criteria. To date, development organizations have been under attack by environmentalists for ignoring or conveniently overlooking environmental damages of development projects. Explanations for this include inadequate institutional commitment to link resource conservation with economic development, short time horizons, narrow evaluation criteria, problems of monetary valuation, and problems with... |
