Cost-Benefit Analysis in Environmental Planning

Cost-Benefit Analysis (CBA) in environmental planning is a systematic approach to evaluating the economic merits of a project or policy by comparing its costs with the expected benefits. In this context, costs can include financial expenditures, environmental degradation, and social impacts, while benefits can encompass improved public health, ecosystem services, and economic growth. By quantifying these factors, decision-makers can assess whether the environmental initiative is worthwhile and make informed choices that balance ecological sustainability with economic viability. CBA helps ensure that resources are allocated effectively for both human and environmental well-being.