Cost - benefit analysis and environmental policymaking
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.