Cost-Benefit Analysis (CBA) Coastal
An economic decision-making tool that quantifies and compares the economic costs and benefits of coastal management options, expressed in monetary terms.
Real World
The Medmerry managed realignment scheme in West Sussex cost £28 million but was justified by CBA showing it would prevent over £300 million in future flood damage to 348 properties and key infrastructure.
Exam Focus
Critique CBA by noting it struggles to assign monetary value to non-market goods like habitats and community identity.
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