Real Option Based Appraisal of Environmental Investments – An Assessment of NOₓ Emission Control Techniques in Large Combustion Plants

Environmental investments, such as emission control measures hardly gain profit but are enforced by policy. Such investments can be expected to be delayed as much as legally feasible. Yet, if increasing expenditures for the same investment in the future are likely to occur, an advanced investment may be favorable. A cost calculation methodology for NOₓ control techniques and a real option based decision support model for investments not gaining economic profit is presented in the book

A conceptual framework for the integral management of marine protected areas

A general conceptual framework for the management of marine protected areas (MPAs) was developed. The driver-pressure-state-impacts-response (DPSIR) framework was used to determine the elements affecting MPAs. The developed evaluation framework helped to select an appropriate suite of indicators to support an ecosystem approach, an assessment of the MPAs functioning and policy decisions. Gaps derived from the management and policy responses in the MPAs were also outlined. It was concluded that the DPSIR framework can help to simplify the complexity of MPA management. This document is a tool for policy makers, scientists and general public on the relevance of indicators to monitor changes and MPAs management.Publicado