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A systematic review of the use of environmental economics in the mining industry

Menegaki Maria, Damigos Dimitris

Journal of Sustainable Mining

2020

Vol. 19, iss. 4

254--271

Environmental economics is increasingly being used in project appraisals, environmental liability estimates and design of market-based instruments. Mining, an actor capable of causing adverse effects on the environment, human health and well-being, has already been affected by these developments, at a great extent. Up to date, several research studies have been carried out to monetise the externalities of mining projects. Nevertheless, a systematic review of these publications has not been carried out, yet. This paper aims to fill this gap in the literature by investigating (i) the main non-market valuation techniques used; (ii) the main external costs or benefits of mining projects monetised; and (iii) the monetary estimates of mining-related externalities. The analysis shows that practically all economic valuation techniques have been implemented towards assessing, in monetary terms, the mining impacts on the environment. However, the findings from the statistical analysis reveal a wide range of monetary estimates, which are attributed not only to the valuation methods and assumptions used but also to the specific characteristics of the mining projects in question. Also, the research draws directions for future work, as the analysis of the published studies indicates areas of limited availability of estimates or high heterogeneity between the available estimates.

Wycena korzyści z poprawy jakości wody kranowej i powierzchniowej w Polsce

Bartczak A.

Ekonomia i Środowisko

2010

nr 2

123--141

Głównym celem niniejszego artykułu jest prezentacja zastosowania jednej z metod wyceny dóbr nierynkowych - metody wyceny warunkowej (contingent valuation method CVM) do oszacowania korzyści płynących z poprawy z wody kranowej oraz wód powierzchniowych w Polsce - oraz analiza czynników wpływających na tę wycenę.

While application of the non-market valuation methods is quite common in Western Europe and in the USA, its use in Central and Eastern Europe is in preliminary phase. This paper discusses' the use of the Contingent Valuation Method (CVM) and Random Utility Model (RUM) to assess the benefits of Improvement of tap and surface water quality in Poland. The survey was conducted face-to-face in the respondents homes in 2007. Overall, 813 people, representative of the adult urban population, were interviewed. Results Indicate that improvements in water quality are highly valued, at 21 PLN and 14 PLN per month per household, for tap and surface water, respectively.