What is the purpose of an 'environmental impact statement' (EIS)?

The purpose of an 'environmental impact statement' (EIS) is to assess the potential effects of a proposed project on the environment. This document is essential in the project planning process, particularly for developments that may significantly impact ecological, social, or economic aspects of an area. An EIS evaluates factors such as air and water quality, wildlife habitats, and community health, allowing decision-makers to understand the potential consequences of a project before it commences. By identifying and analyzing these impacts early in the planning process, the EIS aids in making informed decisions that promote sustainability and environmental protection.

The other options, while related to aspects of property and development, do not accurately represent the primary function of an EIS. Evaluating tax implications, estimating property resale values, and determining zoning regulations focus on financial or regulatory aspects rather than the environmental impacts of a proposed project.