Cost–Benefit Analysis and Incentives in Evaluation

Cost–Benefit Analysis and Incentives in Evaluation

The Structural Funds of the European Union

Edited by Massimo Florio

This book provides an authoritative contribution to applied cost–benefit analysis (CBA) and other evaluation methods in the context of the regional policy of the European Union. Through the use of Structural Funds and other financial and regulatory mechanisms, the EU will help to promote thousands of infrastructure projects in the next decade. CBA will be a key ingredient in the investment decision process and the authors provide important insights from their international experiences in project appraisal and evaluation and point to some valuable lessons to be learnt for the future.

Chapter 10: Economic Evaluation in Environmental Policymaking and Implications for Children

Pascale Scapecchi

Subjects: economics and finance, public sector economics, valuation, environment, transport, valuation

Extract

Pascale Scapecchi INTRODUCTION Policymakers require estimates of the likely impacts of public interventions on social welfare. These estimates allow governments to revise or design policies as needed. To this end, many economic tools can be used to help policymakers determine the best policy options. Some tools quantify and monetize the likely impacts of regulations, whereas others provide indicators on priority areas. They all present advantages and disadvantages and the choice of a specific tool will greatly depend upon the purposes of the analysis required. At the European level, the European Commission (EC) has played a key role in supporting the use of economic decision-making tools in developing environmental regulations. The EC recently launched a new Impact Assessment procedure for all major policy proposals to improve the quality and coherence of its policies (EC, 2005). This approach provides information on the tradeoffs between the economic, social and environmental dimensions to inform decisions. A full appraisal of the potential environmental costs and benefits is required for all major Commission proposals and specific environmental measures. Evaluating environmental policies is particularly important and necessary when it comes to children’s health. Recent epidemiological surveys have highlighted the specific vulnerability of children to environmental hazards and the risk differences between adults and children. However, most environmental policies currently in place are based upon information related to adult populations and do not take into account the risk differences between adults and children. Such a lack of consideration of children’s speci...

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