Lookup NU author(s): Emeritus Professor Ken Willis
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This paper outlines sustainable procurement policy, which aims to benefit society and the economy and minimise damage to the environment. It uses cost-benefit analysis to evaluate a variety of sustainable procurement policies (road construction, video conferencing, LED traffic lights, and utilising unemployed people). It shows under what conditions sustainable procurement is likely to benefit the economy and society. The paper also reveals the impact of project life, the discount rate, and the social price of carbon in determining the social profitability of some sustainable procurement policies. It reveals that the social profitability of projects is mixed, and suggests that sustainable development policy in the UK is running ahead of the evidence base.
Author(s): Willis KG
Publication type: Article
Publication status: Published
Journal: Journal of Environmental Assessment Policy and Management
Print publication date: 01/09/2010
ISSN (print): 1464-3332
ISSN (electronic): 1757-5605
Publisher: Imperial College Press
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