Dual discounting in cost-benefit analysis for environmental impacts
نویسندگان
چکیده
منابع مشابه
What weight should be assigned to future environmental impacts? A probabilistic cost benefit analysis using recent advances on discounting.
Cost-benefit analysis is a standard methodological platform for public investment evaluation. In high environmental impact projects, with a long-term effect on future generations, the choice of discount rate and time horizon is of particular relevance, because it can lead to very different profitability assessments. This paper describes some recent approaches to environmental discounting and ap...
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When health effects can be valued in monetary terms, as in cost-benefit analysis, they should be discounted at the same rate as costs. If health effects are measured in quantities (e.g. quality adjusted life years) as in cost-effectiveness analysis (CEA) and the value of health effects is increasing over time, discounting the volume of health effects at a lower rate than costs is a valid method...
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ast February, in a legislative proposal to reduce power plant emissions, the U.S. Environmental Protection Agency (EPA) suggested that the economic value of saving the elderly from early death caused by air pollution was less than that of saving healthy adults. Two cost–benefit analyses for the rule, known as the Clear Skies initiative, were presented by the agency. A base analysis without the ...
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ژورنال
عنوان ژورنال: Environmental Impact Assessment Review
سال: 2011
ISSN: 0195-9255
DOI: 10.1016/j.eiar.2010.06.001