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Taking into Account Opportunity Costs when Assessing Costs of Biodiversity and Ecosystem Action

Publication
Citation

Kaphengst, Timo et al. 2011: Taking into account opportunity costs when assessing costs of biodiversity and ecosystem action. Ecologic Institute, IEEP, GHK.

The study addresses the following aspects

  1. Identification of the types of costs associated with biodiversity policy in the EU: both direct and indirect as well as opportunity costs.
  2. A review of the available literature to find any gaps in the cost analysis – such as the opportunity costs of conversion to other uses – and to assess the extent of these gaps.
  3. An estimate of the total economic costs of biodiversity policy (including opportunity costs) in the EU.
  4. Information on how to systematically fill any such gap in the future and on the methodologies that can be used to comprehensively address all types of economic costs.
The combined cost of all different EU policy actions for biodiversity is roughly estimated at €10.6 billion per year. Within this, opportunity costs amount to approximately €8.4 billion.
Language
English
Authorship
Sophie Herbert
Samuela Bassi
Sarah Gardner
Leonardo Mazza
Mav Pieterse
Matt Rayment
Funding
Published by
GHK (GHK), United Kingdom
Year
Dimension
198 pp.
Project
Project ID
Table of contents
Keywords
biodiversity, nature conservation, economic studies, Europe, EU Member States

Source URL: https://www.ecologic.eu/11200