Given that construction is one of the most resource-intensive economic sectors,

as evidenced by natural capital consumption and the removal of land resources

from the turnover, it has a significant impact on the environmental situation.
Costanza, (1992) said that environmental and economic analysis is part of the
approaches used to assess the extent of the depletion of the available resources
in order to find ways for addressing the problems at hand. Aside from depleting
natural resources, buildings contribute to greenhouse gas emissions, waste, and
other negative effects. In accordance with the Building Research Establishment
(BRE) of the UK, the built environment alone contributes almost 40% of the UK’s
total carbon footprint (BRE, 2021). Buildings and infrastructure are examples of
economic development that are significantly contributing to the negative effects of
climate change. 

Nigeria industry, the scorecard is applicable as one of the techniques used in

economic and environmental analyses. The scorecard is used to assess the
current state of the company's sustainability management environmental
subsystem. The balanced scorecard proposed by Norton and Kaplan (2003)
became widespread in the national research although neither the authors nor
their followers completed the system with the environmental component. In
general, contemporary approaches and methods of the economic activity
comprehensive analysis reflect financial issues ignoring the environmental ones.
Crawford (2011,  p. 15) presents a wide range of factors regarded for a range of
purposes. Firstly, validating the compliance of building designs with building
regulations. Secondly, identifying the most critical aspects of the environmental
performance of existing buildings and infrastructure. Thirdly, enabling decision
making to choose between competing or alternative material or component
options compare design solutions for new buildings and infrastructure. Finally,
used for upgrades to existing buildings and infrastructure market the
environmental credentials of a building to prospective purchasers or tenants.

Næss-Schmidt et. al, (2015) compiled a number of examples to demonstrate the

policy-related issues concerning the environmental analysis based on economic
principles as follows:

· Example 1 – Removing a tax (PSO-tax) on the market for electricity.

· Example 2 – Mandatory gradual scrap schemes for wood-burning stoves.

· Example 3 – Optimal design of car taxation.

· Example 4 – A higher recycling of waste.

Examples 2 is one of the major situations facing in my home country.

CONCLUSION AND RECOMMENDATION

Controlling the negative impact of economic activity on the environment is

necessary.

 
REFERENCE

Costanza, R., 1992. Ecological Economics: The Science and Management of

Sustainability, Columbia University Press, New York. Available at: ProQuest

Ebook Central. (17 June 2021).

Crawford, R., (2011). Life Cycle Assessment in the Built Environment, CRC
Press LLC, Florence. Available at: ProQuest Ebook Central. (17 June 2021).

Kaplan, R., and  Norton, D., (2003). Balanced Scorecard (Olymp Business,

CJSC, Moscow, 2003)

Næss-Schmidt, Helge Sigurd, and Lars Jensen. (2015). Environmental policy

analysis: Dealing with economic distortions, Nordic Council of Ministers.
ProQuest Ebook Central.

Available at http://ebookcentral.proquest.com/lib/UNICAF/detail.action?
docID=4453433.

Created from UNICAF on 2021-06-17 02:23:48. (Accessed 28 January 2022.)

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