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Cost-Benefit Analysis and the Environment

Recent Developments

image of Cost-Benefit Analysis and the Environment

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.

English French

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The Value of Ecosystem Service

Ecosystems function like other capital assets – they generate a flow of services through time, and the capital can be held intact if the services are consumed in a sustainable fashion. Moreover, any ecosystem tends to generate many such services. This chapter analyses ecosystems from this multi-functional perspective, making a clear distinction between the total value of the ecosystem as an asset and the value of small or discrete changes in its service flow. The valuation issues are illustrated with reference to the debated benefits of ecosystems as providers of genetic value for pharmaceutical research.

English French

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