Externality(either positive or negative). Third-party effect or welfare impact, which is both unilateral (i.e. one cannot decide neither whether to suffer it or not nor how much impact to bear), and non-compensated. In other words, an externality stemming from the implementation of a NWRM is a cost (if negative) or a benefit (if positive), which is not directly reflected in the direct costs or benefits of the NWRM but are one of its outcomes. It is a welfare variation expressed in monetary units.https://demo-water.devel5cph.eea.europa.eu/freshwater/admin/resources/glossary/externalityhttps://demo-water.devel5cph.eea.europa.eu/freshwater/admin/++resource++plone-logo.svg
Externality
(either positive or negative). Third-party effect or welfare impact, which is both unilateral (i.e. one cannot decide neither whether to suffer it or not nor how much impact to bear), and non-compensated. In other words, an externality stemming from the implementation of a NWRM is a cost (if negative) or a benefit (if positive), which is not directly reflected in the direct costs or benefits of the NWRM but are one of its outcomes. It is a welfare variation expressed in monetary units.
Title
Externality
Description
(either positive or negative). Third-party effect or welfare impact, which is both unilateral (i.e. one cannot decide neither whether to suffer it or not nor how much impact to bear), and non-compensated. In other words, an externality stemming from the implementation of a NWRM is a cost (if negative) or a benefit (if positive), which is not directly reflected in the direct costs or benefits of the NWRM but are one of its outcomes. It is a welfare variation expressed in monetary units.