Atmospheric Science
Cost-benefit analysis is a systematic approach to estimating the strengths and weaknesses of alternatives used to determine options that provide the best approach to achieving benefits while preserving savings. This method helps stakeholders evaluate the economic efficiency of projects, policies, or investments by comparing the total expected costs against the total expected benefits. In climate change adaptation planning and implementation, this analysis becomes crucial as it guides decision-making in prioritizing actions that optimize resource allocation and minimize negative impacts.
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