2026-07-01http://hdl.handle.net/123456789/418267The review examines the use of environmental valuation in 101 projects in the World Bank's environmental portfolio approved in fiscal years 2000, 2001, and 2002. It has three broad objectives. First, it examines the extent to which environmental costs and benefits have been incorporated in the economic analysis of projects. Second, it examines how well valuation was used. Third, it seeks to identify areas of weakness so as to feed into plans for capacity building. The results show that the use of environmental valuation has increased substantially in the last decade. Ten years ago, one project in 162 used environmental valuation. In recent years, as many as one third of the projects in the environmental portfolio did so. While this represents a substantial improvement, there remains considerable scope for growth.application/pdftext/plainCC BY 3.0 IGOhttp://creativecommons.org/licenses/by/3.0/igo/ENVIRONMENTENVIRONMENTAL ACCOUNTINGECONOMIC ASPECTS OF ECOLOGYEMISSIONSENERGYTRANSPORTAGRICULTUREFISHINGFORESTRYSANITATIONGLOBAL CAPITAL AGRICULTUREAIR POLLUTIONAIR QUALITYCAPACITY BUILDINGCARBONCARBON DIOXIDECONSUMERSCONTINGENT VALUATIONCOST ANALYSISCOST BENEFIT ANALYSISCOST EFFECTIVENESSCOST EFFECTIVENESS ANALYSISDAMAGESECONOMIC ANALYSISECONOMIC RATE OF RETURNECONOMIC VALUEECONOMICS LITERATUREEMISSIONSENVIRONMENTAL COSTSENVIRONMENTAL ECONOMICSENVIRONMENTAL GOODSENVIRONMENTAL IMPACTSENVIRONMENTAL MANAGEMENTENVIRONMENTAL POLICIESENVIRONMENTAL REGULATIONSENVIRONMENTAL VALUATIONENVIRONMENTAL VALUESEXTERNALITIESFINANCIAL TRANSACTIONSFISHINGFORESTRYHEDONIC PRICINGINCOMELAND USELEARNINGMARKET PRICESNATURAL RESOURCESOILPRESENT VALUEPRIVATE SECTORPRODUCERSPRODUCTIVITYPROJECT IMPACTSRESOURCES MANAGEMENTSOCIAL COSTSSULFUR DIOXIDETECHNICAL ASSISTANCETOTAL COSTSTRAVEL COST METHODWASTE MANAGEMENTWATER SUPPLYWATERSHEDWELFARE ECONOMICSWILLINGNESS TO ACCEPTWILLINGNESS TO PAYWTAWTP