Taxonomies of sustainable investment and existing decision support approaches of EIA, SEA and CBA - a silver bullet for sustainable development? A response to Dusik and Bond

Fischer, Thomas B ORCID: 0000-0003-1436-1221 (2022) Taxonomies of sustainable investment and existing decision support approaches of EIA, SEA and CBA - a silver bullet for sustainable development? A response to Dusik and Bond. IMPACT ASSESSMENT AND PROJECT APPRAISAL, 40 (2). pp. 118-122. ISSN 1461-5517, 1471-5465

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Official URL: https://doi.org/10.1080/14615517.2022.2033926

Abstract

In this response to Dusík and Bond, I reflect on what taxonomies of sustainable investment will need to be able to deliver in order to add value to our existing efforts towards making development more environmentally sustainable. What support taxonomies should provide for strategic environmental assessment (SEA) of policies, plans and programmes and environmental impact assessment (EIA) of projects, as well as for cost-benefit analysis (CBA) of policies, plans, programmes and projects is discussed. In this context, I focus on the consideration of climate change and biodiversity as important examples. Exploring a (typical) real-life road infrastructure planning case, I depict some of the existing challenges for SEA and EIA as well as CBA. I conclude that if the use of taxonomies leads to CBA which is not corrupted by powerful (industry) interests and which can result in realistic estimations of costs and benefits as well as to SEA and EIA applications whose results that are not traded-off with alleged economic advantages, they would indeed be highly beneficial.

Item Type:	Article
Uncontrolled Keywords:	4104 Environmental Management, 35 Commerce, Management, Tourism and Services, 41 Environmental Sciences, 3507 Strategy, Management and Organisational Behaviour, 44 Human Society, 4406 Human Geography
Divisions:	Faculty of Science and Engineering > School of Environmental Sciences
Depositing User:	Symplectic Admin
Date Deposited:	14 Jun 2022 15:25
Last Modified:	06 Dec 2024 21:18
DOI:	10.1080/14615517.2022.2033926
Open Access URL:	https://www.tandfonline.com/doi/full/10.1080/14615...
Related URLs:	Author Publisher
URI:	https://livrepository.liverpool.ac.uk/id/eprint/3156472