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Research Reports
Integrated Assessment to Environmental Valuation via Impact Pathway Analysis : Construction of EVIS
Ⅰ. Introduction
1. Background and purpose of research
o The feasibility evaluation of environmental policies and development projects is generally conducted in the following order: setting the scope of analysis, quantification of environmental impact, valuation (monetization) of environmental services, and conducting an integrated assessment.
ㅇ Setting the scope of analysis: Identifying and cataloging environmental impacts, reviewing temporal and spatial ranges of impacts, etc.
ㅇ Quantification of environmental impact: Measuring the physical scale or degree of impact
ㅇ Valuation: Selecting an appropriate methodology and monetizing, taking into account the quantified/measured scale of environmental impact
ㅇ Integrated assessment: Reviewing results and uncertainty factors, and carrying out comprehensive evaluation reflecting quantitative and qualitative information
o To support rational decision-making in consideration of environmental values, the Korea Environment Institute (KEI) launched the Environmental Valuation Information System (EVIS 1.0) in 2011 to provide basic information on the ‘monetized value’ of environmental services.
o The purpose of this study is to update the environmental value database and expand EVIS(1.0) to a platform that supports integrated environmental and economic analysis, by linking environmental value information with the case analyses of physical environmental impacts based on pathway analysis.

2. Research contents and scope by stage, sector, and year
o This study was planned as a three-stage project, considering the vast scope of research.