ABSTRACT

As one kind of clean energy, offshore wind power development will be a long-term strategy, but it is not best investment way in the short term. CBA could confirm and compare the project cost and benefit that value through economic market as well as some social cost and benefit. As an investment analysis, CBA focuses on all benefits and all costs. As the outcome of the analysis, the Benefit ratio (Benefits/ Costs) could determine whether the project is socially valuable and financially feasible, or if another project should be pursued.