Abstract
Cost-benefit analysis (CBA) has emerged as one of the most widely used methodologies in environmental policy analysis, with many governments applying it in their decision-making procedures and laws. However, undertaking a full CBA is expensive, and conclusions must be drawn on which project or policy impacts to include in the analysis. Based on the ideas of resilience, vulnerability and risk, we suggest a method for prioritizing project impacts for inclusion in a CBA, which includes both expert assessment and citizen preferences. We then illustrate how the method can be applied in the context of land use change decisions, using a real application.
Original language | English |
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Pages (from-to) | 7945-7966 |
Number of pages | 22 |
Journal | Sustainability |
Volume | 6 |
Issue number | 11 |
Early online date | 11 Nov 2014 |
DOIs | |
Publication status | Published - Nov 2014 |
Keywords
- Cost-benefit analysis
- Ranking
- Impact analysis
- Resilience
- Vulnerability
- Risk
- Climate-change
- Management
- Systems
- Criteria