eprintid: 15602
rev_number: 2
eprint_status: archive
userid: 1
dir: disk0/00/01/56/02
datestamp: 2023-11-10 03:30:14
lastmod: 2023-11-10 03:30:14
status_changed: 2023-11-10 01:59:53
type: article
metadata_visibility: show
creators_name: Karaeva, A.
creators_name: Magaril, E.
creators_name: Al-Kayiem, H.
creators_name: Torretta, V.
creators_name: Rada, E.C.
title: APPROACHES to the ASSESSMENT of ECOLOGICAL and ECONOMIC EFFICIENCY of INVESTMENT PROJECTS: BRIEF REVIEW and RECOMMENDATIONS for IMPROVEMENTS
ispublished: pub
note: cited By 4
abstract: The implementation of investment projects has an important role to play in the development of the economy and also to be in concordance with the Circular Economy concepts, as it causes not only the flows of financial and labor resources into the regional economy, but also stimulates the development of scientific and technological progress and the emergence of innovations. A comprehensive assessment is essential approach of any investment project to achieve sustainable development and to close the loop as requested be the Circular Economy through balancing between social and economic development, as well as preservation of environment. The assessment of ecological and economic efficiency of investment projects is one of the most significant stages of project implementation as it allows to uncover the potential negative effects and possible failure of the project. So far, there are no unified approaches to assessing the effectiveness of investment projects, especially its environmental component. That fact leads to a biased assessment of the impact of an investment project on the environment. The problem is caused not only by the lack of a common, internationally accepted methodology, but also by the complexity of accounting for externalities and negative financial impact. The purpose of the study is to examine and systemize existing approaches to the assessment of ecological and economic efficiency and provide recommendations for its enhancement. The article highlights two conceptual approaches to the efficiency assessment of the project and their benefits and drawbacks. © 2021 WITPress. All rights reserved.
date: 2021
publisher: WITPress
official_url: https://www.scopus.com/inward/record.uri?eid=2-s2.0-85121766210&doi=10.2495%2fSC210421&partnerID=40&md5=e612af642ec695f1b05bea109505b52b
id_number: 10.2495/SC210421
full_text_status: none
publication: WIT Transactions on Ecology and the Environment
volume: 253
pagerange: 515-525
refereed: TRUE
issn: 1746448X
citation:   Karaeva, A. and Magaril, E. and Al-Kayiem, H. and Torretta, V. and Rada, E.C.  (2021) APPROACHES to the ASSESSMENT of ECOLOGICAL and ECONOMIC EFFICIENCY of INVESTMENT PROJECTS: BRIEF REVIEW and RECOMMENDATIONS for IMPROVEMENTS.  WIT Transactions on Ecology and the Environment, 253.  pp. 515-525.  ISSN 1746448X