This book presents an in-depth assessment of the most recent conceptual and methodological developments in cost-benefit analysis and the environment. It examines how costs and benefits are evaluated and given monetary value, how to take into account impacts on future generations and impacts of irreversible losses, and how to deal with equity and sustainability issues.Click to Access:
- 30 Jan 2006
Sustainability and Cost-benefit Analysis
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The notions of sustainability and "sustainable development" have permeated significant parts of policy and public discourse about the environment. This chapter discusses the handful of recommendations do exist with regards to how CBA can be extended to take account of these concerns. One perspective starts from the assertion that certain natural assets are so important or critical (for future, and perhaps current, generations) so as to warrant protection at some target level.
Also available in French