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Essay / Research Paper Abstract
A 5 page paper presenting a memo to President Bush discussing the value of subjecting environmental alternatives to cost-benefit analysis to determine their real worth. Cost-benefit analysis is highly useful for putting the relative value of choices into perspective. It brings with it the value of reducing emotional issues to factual ones, and allows the emergence of policy that is truly beneficial, not only for the present, but also for the long term. It allows policy makers to make choices that will be sustainable over time. Bibliography lists 6 sources.
Page Count:
5 pages (~225 words per page)
File: CC6_KSenvCBA.rtf
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Unformatted sample text from the term paper:
in Environmental Decisions Cost-benefit analysis is highly useful for putting the relative value of choices into perspective. It brings with it
the value of reducing emotional issues to factual ones, and allows the emergence of policy that is truly beneficial, not only for the present, but also for the long term.
It allows policy makers to make choices that will be sustainable over time. The controversy over electric cars several years ago stands
as an example. There was tension with the oil situation, and cars powered by batteries were available. Environmentalists condemned the federal government for not supporting development of the
cars, which were suitable only for in-town driving, required high levels of electricity but gave little performance in return. Environmentalists questioned why we should continue to use all gasoline,
when these cars could be used in town during the day then plugged in at home to recharge overnight. At the time, electrical power plants were fueled to a
great degree by fossil fuel, and their emissions were worse than those of automobiles. Cost-benefit analysis would have been highly useful in that situation to demonstrate that the use
of inefficient electric cars ultimately used more oil and produced more emissive pollutants than did the cars they could have replaced. Today, the
right decision can superficially appear to be a lack of caring or lack of commitment to the environment. Neither the nations or the worlds environment can tolerate either, and
cost-benefit analysis can be used to determine the full cost and long-term sustainability of available alternatives. Cost-Benefit Analysis Theory Trumbull (1990) explains that
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