EbookCost-Benefit Analysis and the Environment, Further Developments and Policy Use
Éditeur :"Éditions OECD"
Date Parution :
Collection :Environnement
Langue : anglais

Cost-Benefit Analysis and the Environment

Further Developments and Policy Use

EAN13 : 9789264062382

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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.


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