Taking into Account Opportunity Costs when Assessing Costs of Biodiversity and Ecosystem Action
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
- Identification of the types of costs associated with biodiversity policy in the EU: both direct and indirect as well as opportunity costs.
- 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.
- An estimate of the total economic costs of biodiversity policy (including opportunity costs) in the EU.
- 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.