Episode 4 in this series on principles to follow when ranking environmental projects. This one discusses how to think about environmental conditions and the resulting environmental values.  In the previous post I said that the benefit from an environmental project is the difference between the environmental values with the project and without the project. This read more »

Episode 3 in this series on principles to follow when ranking environmental projects. This one discusses the “with versus without” principle for estimating the project benefits.  Through the series, we will cover a number of points about the estimation of benefits from an environmental project. Initially, to keep things simple, I’ll talk about the case read more »

Episode 2 in this series on principles to follow when ranking environmental projects. This one discusses one aspect of the metric used to rank projects: how to include costs. Suppose you manage an environmental program that has a budget available for spending on environmental projects and there is not enough money to fund every proposed read more »