*Department of Estate Management, University of Nigeria, Enugu Campus idu.egbenta@unn.edu.ng +234-0802-621-3069. * Idu Robert Egbenta Abstract The whole idea of integrating environmental concern in economic activities seems to depend on one proposition: that it is possible and desirable to attach monetary values to separate parts of the environment. The argument is that giving the environment a monetary value is the only way to ensure that decision-makers in government and business consider the environment when they their decisions. The aim of the paper is to the role of valuation in environmental management and control. Key Words: Value, Environment, Management, Control, Valuation. take highlight The study has shown that valuation plays an important role in environmental management and control in the areas of policy issues relating to environmental protection, ecosystem services, establishment of prices for environmental goods, providing strategy planning of environmental resources as well as tool in performance measurement of projects and compensation for damage to the environment. THE ROLE OF VALUATION IN ENVIRONMENTAL MANAGEMENT AND CONTROL Introduction In recent times, Environmental Management issues feature prominently on national and international political agenda. Scientists have shown that global climate change, sea-level rise, land degradation and pollution are threatening the equilibrium of the planet earth. They warned that the impact of these environmental problems on human activities is so great that natural systems are now failing to absorb the damage that we inflict upon them. The resultant effects are leading to the destruction of fragile habitats, including tropical rain forests, species extinction, and the depletion of non-renewable resources. In addition, there has been a growing realization that every impact which our actions have upon the environment will inevitably affect the conditions of our existence. There is also clear evidence that an ill-considered action of government and industry sometimes have disastrous environmental consequence which initially were neither appreciated nor controlled. Dreyfus (1970) has long argued that there is growing awareness of the costs which we have incurred by past actions and growing fear of the possible irreversible damages from future actions. The consequences of this fact is now felt, as we face acute competition for building land, waste-disposal problems, food security issues, the trans-national spread of epidemic diseases, and the relentless rise in the total human population, the world over. The common thinking globally is how to develop ways to live in a far more 41