This free course, Financial methods in environmental decisions, begins by introducing some of the tools that can be used to assess the benefits of investment decisions, including ways of assessing the ‘external costs’ – the wider costs and benefits to society as a whole – of environmental decisions.
Overview
Syllabus
- Introduction
- Learning outcomes
- 1 Financial assessment techniques
- 1 Financial assessment techniques
- 1.1 Cash flow
- Cost
- Benefit
- 1.2 Cash flow statement
- 1.3 Financial appraisal of projects
- Payback period
- Average gross rate of return
- Average net annual rate of return
- Discounted cash flow methods
- 2 External costs
- 2 External costs
- 2.1 Determining external costs
- 2.2 External cost assessment of the European incineration directive
- 2.3 Using external costs
- Command and control
- Economic instruments
- Carbon taxes
- Conclusion
- Glossary
- References
- Acknowledgements
