Financial Evaluation of Environmental Investments
Author: Tuula Moilanen and Christopher Martin
Publication year: 1995
Extent: Hardback, 177 pages
Traditional ways of analysing investments do not deal adequately with environmental issues. Future liabilities and the long time-scale over which a product or process has an impact on the environment are not generally included, and risk is not incorporated properly. This book is different. It takes a holistic view of decision-making.
The authors advance a practical methodology, which puts the 'expected monetary values' of different investment and risk scenarios into a mathematical model.