The same UNDP report as above, makes the following statement (Ibid.). Is this an economic or an ethical argument for more public investment that protects the environment and benefits the poor? Explain.

The political process of reallocating funding toward projects that benefit the poor and the environment can be made easier if ‘pro-environment/pro-poor’ guidelines are used for public investments. This includes properly valuing long-term environmental benefits (greening the internal rate of return) and weighting investment criteria to recognize the fact that a particular monetary return on investment for the poor is more valuable for increasing net well-being than the same return on investment is for the non-poor.