Cost-Benefit Analysis and the Environment

Further Developments and Policy Use

Business & Finance, Economics, Sustainable Development
Cover of the book Cost-Benefit Analysis and the Environment by Collectif, OECD
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Collectif ISBN: 9789264062382
Publisher: OECD Publication: June 25, 2018
Imprint: OECD Language: English
Author: Collectif
ISBN: 9789264062382
Publisher: OECD
Publication: June 25, 2018
Imprint: OECD
Language: English

This book explores recent developments in environmental cost-benefit analysis (CBA). This is defined as the application of CBA to projects or policies that have the deliberate aim of environmental improvement or are actions that affect, in some way, the natural environment as an indirect consequence. It builds on the previous OECD book by David Pearce et al. (2006), which took as its starting point that a number of developments in CBA, taken together, altered the way in which many economists would argue CBA should be carried out and that this was particularly so in the context of policies and projects with significant environmental impacts.
It is a primary objective of the current book not only to assess more recent advances in CBA theory but also to identify how specific developments illustrate key thematic narratives with implications for practical use of environmental CBA in policy formulation and appraisal of investment projects.
Perhaps the most significant development is the contribution of climate economics in its response to the challenge of appraising policy actions to mitigate (or adapt to) climate change. Work in this area has increased the focus on how to value costs and benefits that occur far into the future, particularly by showing how conventional procedures for establishing the social discount rate become highly problematic in this intergenerational context and what new approaches might be needed. The contribution of climate economics has also entailed thinking further about uncertainty in CBA, especially where uncertain outcomes might be associated with large (and adverse) impacts.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This book explores recent developments in environmental cost-benefit analysis (CBA). This is defined as the application of CBA to projects or policies that have the deliberate aim of environmental improvement or are actions that affect, in some way, the natural environment as an indirect consequence. It builds on the previous OECD book by David Pearce et al. (2006), which took as its starting point that a number of developments in CBA, taken together, altered the way in which many economists would argue CBA should be carried out and that this was particularly so in the context of policies and projects with significant environmental impacts.
It is a primary objective of the current book not only to assess more recent advances in CBA theory but also to identify how specific developments illustrate key thematic narratives with implications for practical use of environmental CBA in policy formulation and appraisal of investment projects.
Perhaps the most significant development is the contribution of climate economics in its response to the challenge of appraising policy actions to mitigate (or adapt to) climate change. Work in this area has increased the focus on how to value costs and benefits that occur far into the future, particularly by showing how conventional procedures for establishing the social discount rate become highly problematic in this intergenerational context and what new approaches might be needed. The contribution of climate economics has also entailed thinking further about uncertainty in CBA, especially where uncertain outcomes might be associated with large (and adverse) impacts.

More books from OECD

Cover of the book Improving Reliability on Surface Transport Networks by Collectif
Cover of the book The Future for Interurban Passenger Transport by Collectif
Cover of the book Good Regulatory Practices to Support Small and Medium Enterprises in Southeast Asia by Collectif
Cover of the book Towards Transparent, Proportionate and Deliverable Regulation for Geological Disposal by Collectif
Cover of the book Les liens entre les politiques agricoles et leurs effets sur l'environnement by Collectif
Cover of the book Pedagogical Knowledge and the Changing Nature of the Teaching Profession by Collectif
Cover of the book Second Public Procurement Review of the Mexican Institute of Social Security (IMSS) by Collectif
Cover of the book OECD Economic Surveys: Italy 2009 by Collectif
Cover of the book Linkages between Agricultural Policies and Environmental Effects by Collectif
Cover of the book Supporting Entrepreneurship and Innovation in Higher Education in Poland by Collectif
Cover of the book Innovation and Growth by Collectif
Cover of the book The Future of Social Protection by Collectif
Cover of the book Improving Incentives in Donor Agencies (First Edition) by Collectif
Cover of the book Coopération pour le développement 2017 by Collectif
Cover of the book Déficience cognitive, santé mentale et transports by Collectif
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy