What are the potential benefits and challenges associated with integrating economic considerations into environmental policy and decision-making processes?
Best insight from top research papers
Integrating economic considerations into environmental policy and decision-making processes can have several potential benefits and challenges. On the one hand, integrating economic and environmental policies can lead to environmental sustainability and improved resource management . It can also help identify win-win tax and expenditure policies that benefit both the environment and the economy . Additionally, integrating environmental considerations into policy processes can improve explicit consideration and follow-up of environmental issues . On the other hand, there are challenges associated with this integration. These include the need for better collaboration and communication between research and policymaking , the complexity of integrating multiple dimensions of urban environmental quality into decision-making , and the struggle between economic priorities and environmental protection in the legislative process . There are also challenges related to policy planning, SEA implementation, and dealing with environmental issues in the energy policy-making process .
Answers from top 5 papers
More filters
| Papers (5) | Insight |
|---|---|
9 Citations | The provided paper does not specifically discuss the potential benefits and challenges associated with integrating economic considerations into environmental policy and decision-making processes. |
| The provided paper does not explicitly discuss the potential benefits and challenges associated with integrating economic considerations into environmental policy and decision-making processes. | |
Open access•Dissertation 13 May 2016 6 Citations | The provided paper does not specifically address the potential benefits and challenges associated with integrating economic considerations into environmental policy and decision-making processes. |
| The provided paper does not explicitly mention the potential benefits and challenges associated with integrating economic considerations into environmental policy and decision-making processes. | |
21 Citations | The provided paper does not discuss the potential benefits and challenges associated with integrating economic considerations into environmental policy and decision-making processes. |
Related Questions
What are the challenges and opportunities in closing the gap in renewable energy integration and decision-making?5 answersClosing the gap in renewable energy integration and decision-making faces challenges such as information asymmetry, limited coordination in the value chain, uncertainties in assessing social impacts at local scales, and social acceptance hurdles. However, opportunities exist through the support of intermediaries in the decision process, adaptations to technical modeling capabilities, and improved communication of results. Additionally, involving citizens as stakeholders in decision-making processes can enhance robust decision-making in sustainable energy system planning. Incorporating social criteria and participation mechanisms through multi-criteria decision analysis can further aid in addressing challenges and advancing renewable energy initiatives. By leveraging these opportunities and addressing challenges, the renewable energy sector can make significant strides in closing the gap in integration and decision-making processes.
What are the economic and environmental challenges of sustainable construction?4 answersThe economic challenges of sustainable construction in the South African construction industry include misconceptions of land value for redevelopment, lack of reasonable consulting fees, supply and demand issues, waste disposal costs, and inadequate private and public investment. On the other hand, environmental challenges involve critical risk factors such as air, water, and land pollution, water consumption, and solid waste generation during construction activities. These challenges highlight the need for a balanced approach to sustainable construction, considering economic viability alongside environmental impact. Addressing these issues requires a shift towards sustainable management practices, innovative strategies, and improved risk assessment techniques to ensure that construction projects align with sustainable development goals and minimize negative environmental consequences.
2.How did the UNCED contribute to the integration of environmental concerns into international law and policymaking?5 answersThe United Nations Conference on Environment and Development (UNCED) played a significant role in integrating environmental concerns into international law and policymaking. The 1992 Rio Declaration on Environment and Development, a key outcome of UNCED, established principles such as the precautionary approach, the polluter-pays principle, and the principle of common but differentiated responsibilities, which have shaped international environmental law and influenced treaty regimes. Additionally, UNCED led to the creation of multilateral environmental agreements (MEAs), which are important instruments for achieving sustainable development and policy integration. However, the analysis of sustainability policy integration over the years 2007 to 2016 found that MEAs have not significantly advanced policy integration, highlighting the need for further efforts to improve the extent of integration by these agreements. Overall, while UNCED made important contributions to integrating environmental concerns into international law and policymaking, there is still work to be done to enhance policy integration and institutional coherence in global governance.
What are the main ESG challenges and opportunities?4 answersThe main challenges in the ESG sector include the risk of "greenwashing" by companies inflating their sustainability credentials while continuing business-as-usual. Another challenge is the lack of a clear or standardized definition and assessment methodology for ESG, leading to uncertainty around scoring and impact. Additionally, the maturity of regulatory and policy frameworks for ESG varies greatly across regions. On the other hand, the opportunities in the ESG sector include the potential for further investigation on ESG issues and policy action to address associated challenges and opportunities. ESG criteria also provide a framework for assessing sustainability and setting goals towards more responsible behavior. The adoption of ESG principles can lead to long-term economic efficiency and competitiveness for companies, as well as contribute to sustainable development goals.
What are the shortcomings of methods to calculate environmental economic values in Integrated Assessment Models?5 answersIntegrated Assessment Models (IAMs) used to calculate environmental economic values have several shortcomings. First, IAMs often rely on contestable assumptions and limitations, such as high discount rates for future impacts and assigning monetary values to benefits based on incomplete information. Second, IAMs may exaggerate mitigation costs by not considering the socially determined nature of technical change and potential savings from reduced energy utilization. Third, IAMs do not adequately integrate the complexity of ecosystems, ongoing project risks, and cumulative impacts, leading to a qualitative and subjective assessment. Fourth, IAMs may not reflect the current economic consensus, as expert opinions on discount rates and expected damages have shifted over time. These shortcomings highlight the need for improved methods in IAMs to ensure a more accurate and comprehensive assessment of environmental economic values.
What are the key challenges to achieving environmental sustainability?2 answersThe key challenges to achieving environmental sustainability include difficulties in implementing and adapting sustainable manufacturing processes, widespread environmental changes caused by anthropogenic activities such as pollution, habitat loss, and biodiversity loss, and the need for an effective framework that incorporates quantitative environmental, social, and governance (ESG) disclosures with financial reporting. Other challenges include population explosion, poverty, and policy inconsistency. These challenges hinder progress towards ensuring environmental sustainability. However, there are prospects for achieving this goal, such as the use of green solutions like microbes and biotechnological tools to remediate the harmful effects of human activities. Additionally, the integration of ESG indices into financial reporting and the development of a holistic integrated framework can promote true sustainability. Overcoming these challenges and implementing effective strategies is crucial for achieving environmental sustainability.