A COMPREHENSIVE FRAMEWORK FOR MEASURING ECONOMIC AND ENVIRONMENTAL IMPACTS IN CHEMICAL INDUSTRIES SECTOR (APPLIED STUDY)

Abstract

According to the sustainable development concept there is a very important relationship between the economic development and environment protection against various types of contamination. Especially those caused by chemical industries firms. At the same time, the industrial firms that suffer from equipment aging and old employed technologies require investments for their surviving, development, and compatibility with environment laws and regulations. This research addresses the problem of measuring the economic and environmental effects of investment in chemical industries. The economic development is including the Industrial development. Particularly; Nitrogenous Fertilizers Sector that is a major sector of chemical industry plays an important role in the environmental pollution. The pollution may be air pollution due to gas emissions of COx, SOx, and NOx, or may be pollution due to liquid and solid wastes. On the other hand; the industrial company has to disclose and show clearly the expenditure incurred by the company in its activities separated from environmental expenditure such as the preventive or therapeutic expenditure or any expenditure used for the protection of the various elements of the environment.