Environmental Impact Assessment Economics

Environmental Impact Assessment (EIA) Economics is a process used to evaluate the potential economic effects of a proposed project on the environment. It involves analyzing costs and benefits, such as the value of natural resources, potential damage to ecosystems, and impacts on local communities. By quantifying these factors, EIA helps decision-makers understand how a project might affect both the environment and the economy. This ensures that environmental considerations are integrated into planning and development, promoting sustainable growth that balances economic development with ecological protection.