Cost-Benefit Analysis and the Environment

Recent Developments

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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.

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The Stages of a Practical Cost-benefit Analysis

Conducting a well executed CBA requires the analyst to follow a logical sequence of steps. This chapter provides an overview of those steps, beginning with the nature of the problem being addressed and the alternative options for dealing with it. Determining “standing” – i.e. whose costs and benefits are to count – is a further preliminary stage of CBA, as is the time horizon over which costs and benefits are counted.

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