Industrial enterprises play a significant role in national and global economiesthrough job creation, production, and technological advancement. However, their developmentoften leads to considerable environmental externalities, such as pollution, resource depletion, andbiodiversity loss. The Environmental Impact Assessment (EIA) process is vital for systematicallyevaluating and managing these externalities. From an economic standpoint, EIA protects theenvironment, helps avoid hidden costs, promotes resource efficiency, and enhances industrialprojects' long-term profitability and sustainability. This article outlines the methodology of EIA,focusing on its economic dimension and highlighting the assessment of environmental costs,benefits, and economic risks associated with industrial development.