environmental impact assessment(redirected from Environmental and social impact statements)
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environmental impact assessmentan assessment of the environmental impact of a proposed INVESTMENT project such as a new road or by-pass to determine the extent of any POLLUTION effects and destruction of natural habitats. Government authorities in the European Union are now required to undertake an environmental impact assessment of a proposed public investment project. See COST-BENEFIT ANALYSIS.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005