{"id":"http://connectivity-hub.com/terms/0315f221-6235-4129-a348-29bf23812856","type":"Concept","prefLabel":{"en":"Cost–benefit analysis"},"altLabel":{"en":["Benefit cost analysis","Cost benefit analysis","Cost-benefit analysis"]},"definition":{"en":"Monetary assessment of all negative and positive impacts associated with a given action. Cost–benefit analysis enables comparison of different interventions, investments or strategies and reveals how a given investment or policy effort pays off for a particular person, company or country. Cost–benefit analyses representing society's point of view are important for climate change decision-making, but there are difficulties in aggregating costs and benefits across different actors and across timescales (DRI Lexicon, 2022)."},"editorialNote":{"en":["source:IPCC Glossary AR6"]},"historyNote":{"en":["Modified from IPCC (2018) by the DRI Lexicon Project Expert Panel, December 2022\n\nURL: https://www.ipcc.ch/sr15/chapter/glossary/"]},"scopeNote":{"en":["The analysis requires quantifying and aggregating together all benefits (and costs); but often some benefits are difficult to quantify or measure in uniform units that enable them to be aggregated (such as social impacts, damage to cultural assets, damage to the environment and externalities).\n\nCost benefit analysis of investment in resilient infrastructure is also typically dependent on several key assumptions – such as the time horizon that is being evaluated, and the discount rate used to aggregate costs and benefits over time. \n\nPossible alternate assessment methods to cost benefit analysis could include multi-criteria analysis, expert elicitation methods like Delphi, cost efficiency assessments.\""]},"narrower":[{"id":"http://connectivity-hub.com/terms/95d94271-df03-47d0-8361-5a6edb1db6c2","prefLabel":{"en":"Social cost benefit analysis"}}],"related":[{"id":"http://connectivity-hub.com/terms/576ab090-1f71-4c5d-b678-45ca9a34e1b6","prefLabel":{"en":"Social cost of carbon"}},{"id":"http://connectivity-hub.com/terms/58f0d97e-7b7d-46cf-9dd8-68efdd7a6565","prefLabel":{"en":"Damage cost function"}},{"id":"http://connectivity-hub.com/terms/b1591a07-011e-42d7-bc9c-c365df423bf0","prefLabel":{"en":"Social costs"}},{"id":"http://connectivity-hub.com/terms/ba56b0ed-1664-46f9-bf46-cc2ed6d83198","prefLabel":{"en":"Cost-benefit ratios (Benefit-cost ratio or BCR)"}},{"id":"http://connectivity-hub.com/terms/f01c3901-8ffc-4cf1-b6d3-444dd9b4946d","prefLabel":{"en":"Private costs"}},{"id":"http://connectivity-hub.com/terms/6c640e7a-c604-49a6-8d9c-66518a696338","prefLabel":{"en":"Externality / external cost / external benefit"}}],"inScheme":[{"id":"http://connectivity-hub.com/terms/","title":{"en":"Climate Connectivity Taxonomy"}}],"inSchemeAll":[{"id":"http://connectivity-hub.com/terms/"}],"topConceptOf":[{"id":"http://connectivity-hub.com/terms/","title":{"en":"Climate Connectivity Taxonomy"}}],"@context":{"@version":1.1,"id":"@id","type":"@type","@vocab":"http://www.w3.org/2004/02/skos/core#","xsd":"http://www.w3.org/2001/XMLSchema#","dct":"http://purl.org/dc/terms/","dc":"http://purl.org/dc/elements/1.1/","schema":"https://schema.org/","vann":"http://purl.org/vocab/vann/","ldp":"http://www.w3.org/ns/ldp#","owl":"http://www.w3.org/2002/07/owl#","title":{"@id":"dct:title","@container":"@language"},"dc:title":{"@id":"dc:title","@container":"@language"},"dc:description":{"@id":"dc:description","@container":"@language"},"description":{"@id":"dct:description","@container":"@language"},"license":{"@id":"dct:license","@container":"@language"},"issued":{"@id":"dct:issued","@type":"xsd:date"},"created":{"@id":"dct:created","@type":"xsd:date"},"modified":{"@id":"dct:modified","@type":"xsd:date"},"creator":"dct:creator","publisher":"dct:publisher","preferredNamespacePrefix":"vann:preferredNamespacePrefix","preferredNamespaceUri":"vann:preferredNamespaceUri","isBasedOn":"schema:isBasedOn","source":"dct:source","prefLabel":{"@container":"@language"},"altLabel":{"@container":["@language","@set"]},"hiddenLabel":{"@container":["@language","@set"]},"definition":{"@container":"@language"},"note":{"@container":["@language","@set"]},"changeNote":{"@container":["@language","@set"]},"editorialNote":{"@container":["@language","@set"]},"historyNote":{"@container":["@language","@set"]},"scopeNote":{"@container":["@language","@set"]},"notation":{"@container":"@set"},"example":{"@container":"@language"},"narrower":{"@container":"@set"},"related":{"@container":"@set"},"relatedMatch":{"@container":"@set"},"narrowerTransitive":{"@container":"@set"},"broaderTransitive":{"@container":"@set"},"broadMatch":{"@container":"@set"},"narrowMatch":{"@container":"@set"},"closeMatch":{"@container":"@set"},"exactMatch":{"@container":"@set"},"hasTopConcept":{"@container":"@set"},"inScheme":{"@container":"@set"},"topConceptOf":{"@container":"@set"},"deprecated":{"@id":"owl:deprecated","@type":"xsd:boolean"},"isReplacedBy":{"@id":"dct:isReplacedBy","@container":"@set"}}}