RES-ECON 162 Lecture Notes - Lecture 8: Economic Impact Analysis, Environmental Impact Statement, Change Impact Analysis
1 Mar 2017
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Document Summary
Impact analysis- estimate the costs of various alternatives for reaching an environmental quality goal. Cost-effectiveness analyses- estimate the costs of various alternatives for reach environmental quality goal. Damage assessment- estimate the value of a damaged resource so that this vale can be recovered from those held liable by a court. Risk analysis- estimate and value environmental risks, including mortality risk. Identify all the environmental impacts of a public or private investment of a policy. Typically, no values are attached to these impacts but economics can play a role in assessing how people will react to a new investment policy. Trace out the impacts of a policy or public investment on economic variable like employment, tax revenue, industrial growth, etc. Regulatory impact analysis- required of all major federal regulations. We want the most efficient means of paying for goods. Negative costs = positive benefits via energy efficiency opportunities that save more than they cost.
