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Cost - benefit analysis and environmental policymaking

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Author Info

  • Nick Hanley

Abstract

The author's purpose is to review the use of cost - benefit analysis (CBA) in environmental policy appraisal, focusing on the United Kingdom. Examples of the use of CBA in this context are provided, and the recent historical background to its use explained. The main strengths and weaknesses of CBA from the viewpoint of users are then reviewed, and alternatives to CBA are considered. The author closes by exploring some possible ways forward for the methodology which would be consistent with it becoming more useful and more widely accepted.

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Bibliographic Info

Article provided by Pion Ltd, London in its journal Environment and Planning C: Government and Policy.

Volume (Year): 19 (2001)
Issue (Month): 1 (February)
Pages: 103-118

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Handle: RePEc:pio:envirc:v:19:y:2001:i:1:p:103-118

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Web page: http://www.pion.co.uk

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Cited by:
  1. Gallastegui Zulaika, María Carmen & Hoyos Ramos, David & Riera Micaló, Pere & García, Dolores & Fernández Macho, Francisco Javier, 2008. "Valuing environmental impacts of coastal development projects: a choice modelling application in Spain," BILTOKI 2008-02, Universidad del País Vasco - Departamento de Economía Aplicada III (Econometría y Estadística).
  2. Ian Bateman & Georgina Mace & Carlo Fezzi & Giles Atkinson & Kerry Turner, 2011. "Economic Analysis for Ecosystem Service Assessments," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 48(2), pages 177-218, February.
  3. Menegaki, Angeliki, 2008. "Valuation for renewable energy: A comparative review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 12(9), pages 2422-2437, December.
  4. Måns Nilsson & Andrew Jordan & John Turnpenny & Julia Hertin & Björn Nykvist & Duncan Russel, 2008. "The use and non-use of policy appraisal tools in public policy making: an analysis of three European countries and the European Union," Policy Sciences, Springer, vol. 41(4), pages 335-355, December.
  5. Ian Bateman & Amii Harwood & David Abson & Barnaby Andrews & Andrew Crowe & Steve Dugdale & Carlo Fezzi & Jo Foden & David Hadley & Roy Haines-Young & Mark Hulme & Andreas Kontoleon & Paul Munday & Un, 2014. "Economic Analysis for the UK National Ecosystem Assessment: Synthesis and Scenario Valuation of Changes in Ecosystem Services," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 57(2), pages 273-297, February.
  6. Mariel Chladkova, Petr & Etxano Gandariasbeitia, Iker & Hoyos Ramos, David & Garmendia Oleaga, Eneko & Pascual, Unai, 2011. "The management of Natura 2000 Network sites: a discrete choice experiment approach," BILTOKI 2011-02, Universidad del País Vasco - Departamento de Economía Aplicada III (Econometría y Estadística).
  7. Greyling, Tertius & Bennett, Jeffrey W., 2010. "Revegetation of Regent Honeyeater habitat in the Capertee Valley: a Cost-Benefit Analysis," Research Reports 107580, Australian National University, Environmental Economics Research Hub.
  8. Greyling, Tertius & Bennett, Jeffrey W., 2011. "Protecting the Booroolong Frog in the Namoi Catchment: A Cost-Benefit Analysis," Research Reports 107851, Australian National University, Environmental Economics Research Hub.
  9. Lele, Sharachchandra & Srinivasan, Veena, 2013. "Disaggregated economic impact analysis incorporating ecological and social trade-offs and techno-institutional context: A case from the Western Ghats of India," Ecological Economics, Elsevier, vol. 91(C), pages 98-112.
  10. Greyling, Tertius & Bennett, Jeffrey W., 2011. "Cost-Benefit Analysis of the protection of Malleefowl in the Lachlan Catchment," Research Reports 107849, Australian National University, Environmental Economics Research Hub.
  11. Nick Hanley & Mandy Ryan & Robert Wright, 2003. "Estimating the monetary value of health care: lessons from environmental economics," Health Economics, John Wiley & Sons, Ltd., vol. 12(1), pages 3-16.
  12. Pannell, David J. & Roberts, Anna M. & Park, Geoff & Alexander, Jennifer, 2013. "Improving environmental decisions: A transaction-costs story," Ecological Economics, Elsevier, vol. 88(C), pages 244-252.
  13. R. Turner, 2007. "Limits to CBA in UK and European environmental policy: retrospects and future prospects," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 37(1), pages 253-269, May.

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