Assessing the public interest in environmental assessment: lessons from cost-benefit analysis of an energy megaproject

Joseph, Chris; Gunton, Thomas; Hoffele, James

doi:10.1080/14615517.2020.1780371

Cited by 9 publications

(3 citation statements)

References 30 publications

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“…One major finding of the analysis is the significant cost savings achieved through the implementation of green practices (Fujino & Hashimoto, 2023). Hospitality and tourism businesses reported notable reductions in energy consumption, resulting in substantial savings in utility bills (Joseph et al, 2020). Waste reduction measures also led to lower waste disposal costs.…”

Section: Cost Savingsmentioning

confidence: 99%

Analysis of Economic and Environmental Benefits of Green Business Practices in the Hospitality and Tourism Sector

Siti Kholijah

2024

IIJB

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This research presents an analysis of the economic and environmental benefits resulting from the adoption of green business practices in the hospitality and tourism sector. The study explores the growing significance of sustainability in this industry and investigates the specific findings and advantages associated with embracing environmentally friendly practices. By conducting a comprehensive review of pertinent literature, incorporating case studies, and examining empirical evidence, this article provides valuable insights into the potential economic and environmental benefits of green practices in the hospitality and tourism sector. The analysis reveals that green business practices in the hospitality and tourism sector can lead to substantial cost savings and improved operational efficiency. Implementation of energy and resource management strategies, such as energy-efficient lighting, water conservation measures, waste reduction, and sustainable procurement, can result in reduced operational costs and enhanced overall efficiency. Furthermore, the study finds that adopting green practices can generate new revenue streams and differentiate businesses in the market. Effective eco-friendly branding and marketing strategies attract environmentally conscious consumers, leading to increased customer loyalty and potential revenue growth. The analysis also uncovers the positive environmental impacts of green practices, including reduced carbon emissions, waste generation, and resource consumption. Measures like renewable energy adoption, waste recycling, and water conservation contribute to a reduced carbon footprint, conservation of natural resources, and preservation of local ecosystems and biodiversity. Governmental support and incentives are identified as crucial drivers in the adoption of green business practices in the hospitality and tourism sector.

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Section: Cost Savingsmentioning

confidence: 99%

Analysis of Economic and Environmental Benefits of Green Business Practices in the Hospitality and Tourism Sector

Siti Kholijah

2024

IIJB

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“…For example, Iwanciw, Zalles et al (2013) studied the CBA of climate change mitigation and adaptation, especially in urban water provision programs. Other past works that performed multi-stakeholder CBA are energy megaproject assessment by Joseph, Gunton et al (2020) and Ren, Wu et al (2019) and the transport sector (Henke, Cartenì et al, 2020). As far as observed, multi-stakeholder CBA that evaluates residential land-use development is less elucidated.…”

Section: Introductionmentioning

confidence: 99%

Urban Development Project Evaluation Using Multi-Stakeholder Cost–Benefit Analysis

Pramono

Palupi

Aditya

2022

IRSPSD International

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In this template file as introduction for the format of this journal. All content should follow the suggested AbstractEn style.Groundbreaking methods, which can combine stakeholder analysis and cost-benefit analysis (CBA) on urban development projects, are lacking. This study thus proposes an evaluation framework using CBA integrated with stakeholder interest mapping through focus group discussion and analytical hierarchy process. The proposed framework is demonstrated as the methodology for the study. The investigation takes eight residential developments in Sleman, Indonesia. Stakeholder interest mapping is found to provide empirical information regarding stakeholder concerns about urban land-use and development. In addition, multi-stakeholder CBA enables evaluation to identify and estimate cost and benefit distributions for each stakeholder. Moreover, the identification of stakeholder-focused cost-benefit and the calculation of the net present value and benefit-cost ratio simultaneously assist in the estimation of the total economic value and its proportional fairness arising from the development decision. Furthermore, this proposed urban development evaluation framework is beneficial as a preventive measure of conflicts among stakeholders caused by the externalities of urban development projects.

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“…Several authors have studied the relevance of the OPEX (operational expenditure) on the economic feasibility of electric power generation plants [9,10]. Ho et al established that in some cases OPEX can reach 70-75% of operating costs, while CAPEX (capital expenditure) would represent the other 20-25% [11]. Under these circumstances, it can be understood that the optimization of the operating costs would make profitable the project itself, or make it unsustainable if the expenses are not controlled and known.…”

Section: Introductionmentioning

confidence: 99%

Analysis of Contracts to Build Energy Infrastructures to Optimize the OPEX

Losada-Maseda¹,

Castro-Santos

Graña-López

et al. 2020

Sustainability

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The employer (owner) of the project wants to obtain the maximum profit for the money invested and the consultant (contractor) will try to give less for that money. The regulation of their relationship is based on the contractual agreement, which in the energy sector is mainly based on the engineering, procurement, and construction (EPC) model. The objective of this work was to evaluate which factors should be included in the drafting of contracts, to minimize problems between the parties, and thus minimize execution costs and optimize operation and maintenance costs. Information and data on the integration of operability and maintainability criteria in contracts for 158 projects, with a total contract value of close to €40,000M, were analyzed. Several of those projects corresponded to wind, solar, and hydroelectric plants. The information collected the perception of the agents involved, and was classified according to the experience of the agents consulted in the operation and maintenance areas. Finally, the proposed criteria were prioritized. In general, the owner is willing to introduce these criteria in his contracts if they reduce the operation and maintenance cost by around 1–5%, while the contractor is interested in increasing his probability to be selected by 1–3%.

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Assessing the public interest in environmental assessment: lessons from cost-benefit analysis of an energy megaproject

Cited by 9 publications

References 30 publications

Analysis of Economic and Environmental Benefits of Green Business Practices in the Hospitality and Tourism Sector

Analysis of Economic and Environmental Benefits of Green Business Practices in the Hospitality and Tourism Sector

Urban Development Project Evaluation Using Multi-Stakeholder Cost–Benefit Analysis

Analysis of Contracts to Build Energy Infrastructures to Optimize the OPEX

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