A Market Approach to the Evaluation of the Ecological-economic Damage Dealt to the Urban Lands

Evaluation of environmental-economic damage caused by disturbance of land in urban area is a major task. Current methodologies that are used in Russia are too complex and outdated. In this paper a modern market economy approach is proposed. It was used to calculate environmental-economic damage caused by major (27 ha) illegal landfill in St. Petersburg (Russia). The results were compared to the results obtained using official methodology for the same site.