Cost-Benefit Analysis and the Environment : Further Developments and Policy Use / Organisation for Economic Co-operation and Development..

Format:

Book

Government document

Author/Creator:

Organisation for Economic Co-operation and Development

Contributor:

SourceOECD (Online service)

Language:

English

Subjects (All):

Ecology.

Governance.

Economics.

Physical Description:

1 online resource.

Place of Publication:

Paris : OECD Publishing, 2018.

Summary:

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 and others (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.

Contents:

Value transfer

Discounting

Subjective well-being valuation

Quasi-option value

Distribution and cost-benefit analysis

Uncertainty

Ecosystem services and biodiversity

Sustainability and natural capital

Current use of cost-benefit analysis

Political economy of cost-benefit analysis

The social cost of carbon

Health valuation

CBA and other decision-making approaches

Preface

Abbreviations and acronyms

Overview of main issues

Executive summary

Environmental cost-benefit analysis: Foundations, stages and evolving issues

Revealed preference methods

Discrete choice experiments

Contingent valuation method.

Notes:

Title from title screen (viewed May 1, 2017).

ISBN:

9789264085169

9789264062382

9789264298804

Access Restriction:

Restricted for use by site license.