Bibliographic search on environmental investments and methologies for their evaluation

Abstract

It discusses the general background of environmental investments in the world and in Cuba, based on technological development research with the use of theoretical and empirical methods where environmental policy instruments and legislation associated with investments are identified and summarized methodologies used to evaluate the effectiveness of these environmental investments and their application in Cuba and Pinar del Río. Its objective was design an ex-post evaluation methodology to evaluate the effectiveness of the environmental investments developed in the province. According to the literature review that was developed, there are numerous methodologies that evaluate investment processes. It is concluded that generally in Cuba and the rest of the world, they are implemented in the preparation phase to evaluate their risks and their economic feasibility. No evidence was found of any methodology as a management instrument, to evaluate its effectiveness after the investment process is concluded. Therefore, having an integrating methodology that facilitates this evaluation would serve as a tool in decision-making for local governments, in order to be able to visualize if the resources allocated for investment were used correctly and in terms of sustainable development.