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Groundwater Remediation , Environmental and Economic Assessment

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Abbreviations

CBA:

Cost benefit analysis – A decision-making tool that compares costs and benefits of a proposed policy or project in monetary terms. The aim is to find the most beneficial (highest net benefit) option of achieving a given objective. Taking no action is also included as an option.

CEA:

Cost effectiveness analysis – A decision-making tool that compares the costs of a proposed policy or project to a (nonmonetary) measure of its benefits. The aim is to find the option that generates the highest benefit for each unit of money spent.

TEV:

Total economic value – The economic value of a resource comprised of its use and nonuse values.

Bibliography

Primary Literature

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Author information

Authors and Affiliations

  1. WorleyParsons, 250 St Georges Terrace, Perth, WA, 6000, Australia

    Prof. Paul Hardisty (Executive Director, Economics and Sustainability)

  2. Economics for the Environment Consultancy (EFTEC), 73–75 Mortimer Street, W1W 7SQ, London, UK

    Ece Ozdemiroglu (Director)

Authors
  1. Prof. Paul Hardisty
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  2. Ece Ozdemiroglu
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Corresponding author

Correspondence to Paul Hardisty .

Editor information

Editors and Affiliations

  1. RAMTECH LIMITED, Larkspur, CA, USA

    Robert A. Meyers

Additional information

The interested reader is referred to Environmental and Economic Sustainability (Hardisty 2010; CRC Press, New York) for a detailed presentation of the EESA method, and a wide variety of case histories on remediation and options selection in water management, energy options, greenhouse gas management, and waste issues. This article has borrowed extensively from this book.

For a general introduction to Cost Benefit Analysis in particular and environmental economics in general, there are several text books. A few are listed in the “Books and Reviews” section.

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© 2012 Springer Science+Business Media, LLC

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Hardisty, P., Ozdemiroglu, E. (2012). Groundwater Remediation , Environmental and Economic Assessment. In: Meyers, R.A. (eds) Encyclopedia of Sustainability Science and Technology. Springer, New York, NY. https://doi.org/10.1007/978-1-4419-0851-3_65

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