Theory and Practice on the Edge of Climate Catastrophe

2021 ◽  
Vol 55 ◽  
pp. 130-143
Author(s):  
Jeffrey Gower ◽  
Keyword(s):  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Economic Cost ◽  
Ideal Theory ◽  
Theory And Practice ◽  
Benefit Analysis ◽  
Economic Calculation ◽  
Climate Policies

How should philosophy respond to the climate catastrophe? Comparing Stephen Gardiner’s criticism of the prevalence of economic cost-benefit analysis (CBA) in assessing climate policies with Trish Glazebrook and Matt Story’s Heideggerian criticism of technoscientific capitalism, I argue that thinking must attend to practices rendered invisible by dominant theories. While both accounts attempt to delimit and surpass the hegemony of economic calculation, Gardiner’s ideal theory remains committed to the metaphysical prioritization of theory over practice. With help from Derrida, I show how the Glazebrook/Story approach overcomes the sovereignty of theory by opening thinking to practices it cannot generate on its own.

Cost-Benefit Analysis: Theory and Practice.

Economica ◽  
1974 ◽  
Vol 41 (163) ◽  
pp. 351
Author(s):  
Tony Flowerdew ◽  
Ajit K. Dasgupta ◽  
D. W. Pearce
Keyword(s):  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Theory And Practice ◽  
Benefit Analysis ◽  
Analysis Theory

The Role of the Discount Rate in Cost–Benefit Analysis Between Theory and Practice: A Comparative Survey

2013 ◽  
Vol 4 (1) ◽  
pp. 59-71
Author(s):  
Felice Simonelli
Keyword(s):  
Discount Rate ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Theory And Practice ◽  
Benefit Analysis ◽  
Economic Literature ◽  
Institutional Practice ◽  
Two Samples ◽  
Regulatory Decisions

This study focuses on the role of the discount rate in cost–benefit analysis (CBA) of regulation, providing a systematic investigation into regulatory practice vis–à–vis the existing economic theories. In the first part, a quick survey of the main economic literature on the social discount rate (SDR) is presented. In the second part, the current institutional practice is investigated, firstly comparing the recommendations on discounting issued by institutional actors in the US (Office of Management Budget, Environmental Protection Agency) and the EU (Commission), and secondly examining the SDRs adopted in two samples of CBAs selected among Regulatory Impact Analyses of US EPA and Impact Assessments of EU Directorate–General for the Environment. A gap exists between economic theory and institutional practice in the selection of the SDR. Regulatory decisions which are based on CBA reflect the most workable economic literature on discounting rather than the most theoretically consistent one, thus yielding less reliable and less robust results. Scholars who aim at improving the quality of rule–making and at fostering the application of CBA in regulatory decisions should improve the “operational validity” of their research, thus providing practitioners with methods that are both consistent and workable.

Economic cost benefit analysis of climate change adaptation for infrastructure

2011 ◽  
Vol 51 (2) ◽  
pp. 687
Author(s):  
Michael Nolan
Keyword(s):  
Climate Change ◽  
Water Supply ◽  
Climate Adaptation ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Climate Change Impacts ◽  
Economic Cost ◽  
Economic Modelling ◽  
Benefit Analysis ◽  
Lessons Learnt

This paper explores the lessons learnt from the Optimising Adaptation Investment projects for the Department of Climate Change and Energy Efficiency–it includes coastal settlements, water supply and rail infrastructure case studies. These projects are the first of their kind in Australia and are considered internationally as a leading example of economic cost benefit analysis. They have been used effectively to inform decision making on specific adaptation responses to climate change risks to existing and new infrastructure. The lessons learnt will be explored for offshore platforms, ports, rail, road, drainage, tailings dams, mine facilities, water, and power supply, which includes the following elements: What decision makers require to make informed decisions under the uncertainty of climate change impacts. Reducing the uncertainty through economic modelling and cost benefit analysis. Optimising the right timing and scale of various adaptation options. Benefiting from oil and gas infrastructure adaptation opportunities. To further support the elements above, the applied process for integrating climate adaptation into infrastructure planning, design and operation will be illustrated by AECOM project experiences. AECOM has completed more than 60 significant climate change risk and adaptation projects for mines, ports, water supply and treatment, energy generation, transmission and distribution, rail, road, and coastal settlements in Australia, including the report: Climate Change Impacts to Infrastructure in Australia for the Garnaut Climate Change Review.

Economic cost–benefit analysis of the addictive digital game industry

2017 ◽  
Vol 25 (9) ◽  
pp. 638-642 ◽  
Author(s):  
Dong J. Cho ◽  
Hyung T. Kim ◽  
Jaywon Lee ◽  
Sang H. Park
Keyword(s):  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Economic Cost ◽  
Digital Game ◽  
Benefit Analysis ◽  
Game Industry

Show Me the Money: Cost-Benefit Analysis in the Work Environment

2005 ◽  
Vol 15 (3) ◽  
pp. 261-276 ◽  
Author(s):  
Charles Levenstein ◽  
Mary Lee Dunn
Keyword(s):  
Public Policy ◽  
Work Environment ◽  
Policy Making ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Theory And Practice ◽  
Benefit Analysis ◽  
Public Policy Making

During the last several decades, Cost-Benefit Analysis (CBA) has become a widely used technique in public policy-making. This review examines CBA from perspectives of both advocates and critics; it looks at its theory and practice, its purported advantages and shortcomings in application. It also proposes several ways in which the process can be made more accountable.

Economic cost-benefit analysis for power system operations with environmental considerations

2015 ◽  
Author(s):  
Alberto J. Lamadrid ◽  
Daniel L. Shawhan ◽  
Carlos E. Murillo-Sanchez ◽  
Ray D. Zimmerman ◽  
Yujia Zhu ◽  
...  
Keyword(s):  
Power System ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Economic Cost ◽  
Benefit Analysis ◽  
Power System Operations ◽  
Environmental Considerations
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