ABSTRACT
In this chapter, the authors focus on decision-making rules for ranking GHG projects. They outlines three approaches for how GHG emission-reduction policies can be assessed in the context of sustainable development – i.e, including the economic, environmental and social dimensions of this concept. The sustainable development dimensions can be assessed with a number of different analytical approaches, and the chapter includes a comparable assessment of the ones most commonly used in relation to studies of GHG emission-reduction policies in developing countries. In the remainder of the chapter a structure for the evaluation of various policy impacts is outlined, and screening rules and procedures for the evaluation of trade-offs between different impacts are suggested. A number of differences between the CBA, the CEA and the MCA are shown in the following section through the evaluation of five case examples of GHG emission-reduction policy options.
