Viktorija Karaliūtė holds a Master’s degree in Economics with specialisation in sustainable development from Tilburg University in the Netherlands. In 2021, as a sustainability intern with IADC, she wrote a report on the inclusion of externalities in dredging project assessments, on which this article is based. She has also worked as a policy research officer at the European Student Think Tank investigating the effects of the COVID-19 pandemic on youth unemployment. Viktorija is currently a consultant for Mount Consulting, with a focus on sustainability reporting in the financial services industry.
Articles By Viktorija Karaliūtė
The valuation of externalities in maritime infrastructure projects
Climate change and increasing environmental damage are demonstrating the urgency of transformation to a sustainable global economic model. The implementation of the sustainable development concept tends to narrow to integrating environmental, social, and economic concerns in the decision making. In economics, the definition of such concerns is an externality that represents the divergence between social and private costs. This study investigates the available sustainable asset valuation methods that can include the externalities materialised in maritime infrastructure projects and compares them based on economic, social and environmental criteria.