Beyond Revenues: Measuring and Valuing Environmental and Social Impacts in Extractive Sector Governance
Publisher: Natural Resource Governance Institute
Author(s): Nicola Woodroffe and Tim Grice
Date: 2019
Topics: Assessment, Extractive Resources, Governance, Monitoring and Evaluation, Programming
Oil, gas and mining projects can generate substantial revenues for host countries. At the same time, extractive activities generate a range of other positive and negative economic, environmental, social, political, institutional and cultural impacts. Host countries must weigh the economic benefits of extractive projects against their environmental and social impacts.
However, environmental and social impacts are often assessed in separate processes and by separate institutions from those assessing financial revenues and the modeling, measuring and reporting of these impacts is rarely integrated with financial impacts.