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Limits to CBA in UK and European environmental policy: retrospects and future prospects

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  • R. Turner

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    Abstract

    This paper reviews the contemporary debate and the now long standing role of CBA in UK and European environmental policy appraisal (EPA) and looks forward to possible future applications. The position taken is that despite its limitations CBA still has an important part to play in EPA. However, with the increasingly ‘contested’ nature of environmental and related public policies and outcomes, its role will become less prescriptive and its findings more constrained by social justice and ethical imperatives. Future CBA is more likely to continue to flourish as a component in a wider policy analysis and decision support system. Whatever decision support system is eventually adopted, its value will be judged on how well it aids real policymakers operating iteratively in the non-linear real world political economy. Copyright Springer Science+Business Media, Inc. 2007

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    Bibliographic Info

    Article provided by European Association of Environmental and Resource Economists in its journal Environmental and Resource Economics.

    Volume (Year): 37 (2007)
    Issue (Month): 1 (May)
    Pages: 253-269

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    Handle: RePEc:kap:enreec:v:37:y:2007:i:1:p:253-269

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    Web page: http://www.springerlink.com/link.asp?id=100263

    Related research

    Keywords: Cost–benefit analysis; Environmental policy; Valuation;

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    Cited by:
    1. Raffaelli, Roberta & Notaro, Sandra & Gios, Geremia, 2008. "Should carbon issues modify agri-environmental support to mountain grazing? A case study in the Italian Alps," 2008 International Congress, August 26-29, 2008, Ghent, Belgium 44071, European Association of Agricultural Economists.
    2. Hyytiainen, Kari & Ahtiainen, Heini & Heikkila, Jaakko & Helin, Janne & Huhtala, Anni & Iho, Antti & Koikkalainen, Kauko & Miettinen, Antti & Pouta, Eija & Vesterinen, Janne, 2009. "An integrated simulation model to evaluate national policies for the abatement of agricultural nutrients in the Baltic Sea," Discussion Papers 49896, MTT Agrifood Research Finland.
    3. Lázaro-Touza, Lara & Atkinson, Giles, 2013. "Nature, roads or hospitals? An empirical evaluation of ‘sustainable development preferences’," Ecological Economics, Elsevier, vol. 95(C), pages 63-72.
    4. Nikolaos Thomopoulos & Susan Grant-Muller, 2013. "Incorporating equity as part of the wider impacts in transport infrastructure assessment: an application of the SUMINI approach," Transportation, Springer, vol. 40(2), pages 315-345, February.
    5. Cole, Scott, 2012. "Equity over Efficiency: A Problem of Credibility in Scaling Resource-Based Compensatory?," CERE Working Papers 2012:12, CERE - the Center for Environmental and Resource Economics.
    6. Rogers, A. & Kragt, M.E. & Gibson, F. & Pannell, D. & Burton, M. & Petersen, L., 2013. "Is non-market valuation used in environmental policy making?," Working Papers 156197, University of Western Australia, School of Agricultural and Resource Economics.
    7. Agee, Mark D. & Crocker, Thomas D., 2013. "Operationalizing the capability approach to assessing well-being," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 46(C), pages 80-86.
    8. Marletto, Gerardo, 2009. "Transalpine transport policies: towards a shared approach," MPRA Paper 26601, University Library of Munich, Germany, revised 2010.
    9. Katie Johnson & Margaretha Breil, 2012. "Conceptualizing Urban Adaptation to Climate Change Findings from an Applied Adaptation Assessment Framework," Working Papers 2012.29, Fondazione Eni Enrico Mattei.

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