Cost-Benefit Analysis in Environmental Decisions

Cost-Benefit Analysis (CBA) in environmental decisions is a method used to weigh the economic pros and cons of an action. It involves identifying the costs (like pollution control or conservation efforts) and potential benefits (such as improved public health or ecosystem preservation). By comparing these, decision-makers can assess whether the benefits outweigh the costs, helping them make informed choices about projects or policies. CBA aims to ensure that resources are used effectively to protect the environment while considering economic impacts, ultimately guiding sustainable development and responsible resource management.