GB/T 24008-2024 in English

The Standard GB/T 24008-2024, titled "Guidelines for the Assessment of Environmental Impact and Related Environmental Factors in Monetary Terms," was jointly published by the Ministry of Agriculture and Rural Affairs, National Health Commission, and State Administration for Market Regulation on September 29, 2024. The standard aims to provide a systematic approach for evaluating environmental impacts associated with various activities within these sectors from an economic perspective. It outlines methodologies for quantifying environmental factors in monetary terms, enabling organizations and policymakers to better understand the financial implications of their actions and decisions.

The guidelines encompass comprehensive frameworks that integrate environmental valuation techniques such as cost-benefit analysis, willingness-to-pay methods, and other relevant economic tools. This allows for a more holistic assessment of how different activities impact the environment, thereby facilitating informed decision-making processes regarding agricultural practices, rural development, health policies, and market regulation.

With its implementation starting on September 29, 2024, GB/T 24008-2024 seeks to enhance environmental governance by promoting sustainable practices that balance economic growth with ecological integrity. The standard is designed to be adaptable across various contexts within the respective domains of the collaborating governmental bodies.