Municipal and environmental economy
Environmental economics addresses the interactions of economy and natural environment. It describes and evaluates e.g. the consequences of industrial production or the use of natural resources (energy, water, etc.) deriving recommendations for an environmentally friendly production methods or resource use. Moreover, environmental economics can help reduce the overall economic cost of the realization of environmental goals.
Municipal economy comprises all economic actions of a regional or local authority (community, city, district) forming an essential part of a municipality’s public services. The purpose of municipal economy is in the first place the supply of energy and water, the disposal and recycling of wastewater and waste, public transportation, health services, the supply and operation of residential space and public areas and the supply of basic means of communication. Education, culture and social aspects are not necessarily an immediate part of the municipal work, but are increasingly forming a part of the structures of municipal economy.
In the course of Integrated Urban Development Concepts (ISEK), concepts for municipal energy and water, mobility and waste management COOPERATIVE develops economical and sustainable solutions. Depending on the task measures are assessed in formalized evaluation procedures such as cost-benefit analysis, cost-effectiveness analysis and eco-efficiency analysis.