What is Cost Benefit Analysis?
Cost-Benefit Analysis (CBA) is a methodological approach that evaluates the economic efficiency and sustainability of projects, policies, or actions by comparing their expected costs and benefits over a specified time horizon, taking into account environmental, social, and economic considerations.
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Our Expert
Vishal Fiske
Advisor - Sustainability, Infrastructure and Transformation
For our new workshop, we have this time Mr. Vishal Fiske, Advisor – Sustainability, Infrastructure, and Transformation, who will be taking us through this knowledge-packed journey.
With 18+ years of experience spanning diverse companies such as KPMG, McKinsey & Co., and Shapoorji Pallonji International FZE Dubai, Mr. Vishal Fiske is a subject matter expert in cost-benefit analysis and has been driving sustainable and transformative solutions through his advisory services for diverse client sets. He is also and certified ISO auditor for Carbon Footprint/GHG accounting & reporting.
Workshop Outline
Introduction to Environmental Cost-Benefit Analysis
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Overview of environmental economics
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Introduction to cost-benefit analysis and its steps
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The role of CBA in environmental decision-making
Case Studies and Applications
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Application of CBA in real-world environmental projects
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Case studies from different sectors (energy, water, transportation, etc.)
Ethical Considerations and Critiques
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Ethical issues in environmental decision-making
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Critiques of CBA: Distributional concerns, non-market values, and sustainability
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Alternatives to traditional CBA approaches
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What are we providing you?
Acquire a foundational understanding of concepts in environmental economics
Understand the significance and areas of applications of CBA
Develop an analytical approach to conduct a cost-benefit analysis for a given project using a live case study
Learn about alternate practices in addition to CBA which are relevant in the industry
Are you wondering if this is meant for you?
As per IEA's report - World Energy Investment 2023, the net investments in clean energy have been to the tune of $1750 billion in 2023 alone with investments growing at the CAGR of 9.1% in the past 5 years. Given the stakes are huge, a cost-benefit analysis not only gives a feasibility check against investments but instills confidence in promoting a greener world for the future.
The workshop emphasizes practical approaches, industry commitments, and real-world case studies to equip participants with the knowledge and skills needed for decision-making behind sustainability projects/policies that demand huge investments.
*IEA (2023), World Energy Investment 2023, IEA, Paris https://www.iea.org/reports/world-energy-investment-2023, Licence: CC BY 4.0
