Number 9 in our TBL-CBA traps series. 9. Ignoring the Vast Collection of Ecosystem Services Research A lot of smart people have spent a lot of time over the last two decades putting values on ecosystem goods and services (e.g. clean air, fresh water, habitat...
Number 8 in our TBL-CBA traps series. 8. Muddying the Waters between Impacts and Benefits Impact analysis captures the overall output and income resulting from a project i.e. “400 local jobs created” or “an increase of $3M in GDP”. But this is not cost-benefit...
Number 7 in our TBL-CBA traps series. 7. Tolerating False Precision The results are in - the Net Present Value is $101.234567 million (exactly) - let’s go! But wait…what if the risk associated with that number is +/- $200 million? How do you feel now? Is the...
Number 6 in our TBL-CBA traps series. 6. Assuming it is Difficult and Expensive With standardized inputs, methodology and outputs, cost-effective automation of TBL-CBA is possible. While there will be people who will feel better paying $50,000-250,000 for a...
Climate attribution scientists using “fingerprint studies” are now able to detect man-made climate change. Not so long ago, this kind of analysis would have been impossible but climate scientists are now able to separate out the natural from the man-made influence....
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