Reversibility as a sustainability criterion for project selection
- 1 December 1997
- journal article
- research article
- Published by Taylor & Francis in International Journal of Sustainable Development and World Ecology
- Vol. 4 (4) , 259-273
- https://doi.org/10.1080/13504509709469961
Abstract
Integration of sustainability issues into the project selection process requires new approaches to decision-making. A framework is proposed for measuring reversibility as one component for achieving this goal. Reversibility in the context of this research is defined as the degree to which the aggregated set of anticipated or unanticipated impacts of a development project can be mitigated. Several concepts found in the sustainable development literature are used in the framework. The efficacy of the framework is tested in a case study involving construction of hydropower transmission and distribution lines.Keywords
This publication has 29 references indexed in Scilit:
- Inequality as a cause of environmental degradationEcological Economics, 1994
- Application Of Water Resources Systems Concept To The Formulation Of A Water Master PlanWater International, 1989
- The Concept of Sustainable Economic DevelopmentEnvironmental Conservation, 1987
- Option Value: An Exposition and ExtensionLand Economics, 1982
- Reversibility of Man‐Induced Eutrophication. Experiences of a Lake Recovery Study in SwedenInternational Review of Hydrobiology, 1981
- Quasi-Option Value and the Expected Value of InformationThe Quarterly Journal of Economics, 1980
- Environmental Preservation, Uncertainty, and IrreversibilityThe Quarterly Journal of Economics, 1974
- Option Demand and Consumer Surplus: Further CommentThe Quarterly Journal of Economics, 1971
- Option Demand and Consumer's SurplusThe Quarterly Journal of Economics, 1969
- Collective-Consumption Services of Individual-Consumption GoodsThe Quarterly Journal of Economics, 1964