Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.ecolecon.2016.11.013 |
Using inclusive wealth for policy evaluation: Application to electricity infrastructure planning in oil-exporting countries | |
Collins, Ross D.1; Selin, Noelle E.1,2; de Weck, Olivier L.1,3; Clark, William C.4 | |
2017-03-01 | |
发表期刊 | ECOLOGICAL ECONOMICS |
ISSN | 0921-8009 |
EISSN | 1873-6106 |
出版年 | 2017 |
卷号 | 133 |
文章类型 | Article |
语种 | 英语 |
国家 | USA |
英文摘要 | Decision-makers often seek to design policies that support sustainable development. Prospective evaluations of how effectively such policies are likely to meet sustainability goals have nonetheless remained challenging. Evaluating policies against sustainability goals can be facilitated through the inclusive wealth framework, which characterizes development in terms of the value to society of its underlying capital assets, and defines development to be potentially sustainable if that value does not decline over time. The inclusive wealth approach has been developed at a theoretical level and applied to retrospective evaluations. Here, we apply inclusive wealth theory to prospective policy evaluation coupled with dynamic simulation modeling, using a case of electricity infrastructure policies in oil-exporting countries. To demonstrate the prospective evaluation, we analyze investment policies in non-fossil electricity capacity in terms of their forecast impact on several dimensions of inclusive wealth. Illustrative results show that investing in non-fossil capacity in Saudi Arabia and Kuwait can increase components of the countries' inclusive wealth, though the impacts depend on future uncertainties. In contrast, comparable components of the UAE's net inclusive wealth decline under similar investment policies. Finally, including human capital improvements in estimates of inclusive wealth substantially increases its value, though the amount varies across the countries. (C) 2016 Elsevier B.V. All rights reserved. |
英文关键词 | Inclusive wealth Capital stocks Sustainable development Policy evaluation Simulation modeling Infrastructure |
领域 | 资源环境 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000392039600003 |
WOS关键词 | ASSESSING SUSTAINABLE DEVELOPMENT ; PROJECTS |
WOS类目 | Ecology ; Economics ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Environmental Sciences & Ecology ; Business & Economics |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/15540 |
专题 | 资源环境科学 |
作者单位 | 1.MIT, Inst Data Syst & Soc, 77 Massachusetts Ave, Cambridge, MA 02139 USA; 2.MIT, Dept Earth Atmospher & Planetary Sci, 77 Massachusetts Ave, Cambridge, MA 02139 USA; 3.MIT, Dept Aeronaut & Astronaut, 77 Massachusetts Ave, Cambridge, MA 02139 USA; 4.Harvard Univ, John F Kennedy Sch Govt, 79 John F Kennedy St, Cambridge, MA 02138 USA |
推荐引用方式 GB/T 7714 | Collins, Ross D.,Selin, Noelle E.,de Weck, Olivier L.,et al. Using inclusive wealth for policy evaluation: Application to electricity infrastructure planning in oil-exporting countries[J]. ECOLOGICAL ECONOMICS,2017,133. |
APA | Collins, Ross D.,Selin, Noelle E.,de Weck, Olivier L.,&Clark, William C..(2017).Using inclusive wealth for policy evaluation: Application to electricity infrastructure planning in oil-exporting countries.ECOLOGICAL ECONOMICS,133. |
MLA | Collins, Ross D.,et al."Using inclusive wealth for policy evaluation: Application to electricity infrastructure planning in oil-exporting countries".ECOLOGICAL ECONOMICS 133(2017). |
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