Stakeholders and Benefit-Cost Analysis

Stakeholders and Benefit-Cost Analysis

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Instructions

Selected scenario: Coal-fired Power Plant, Define the stakeholders. In the charts (Traditional Stakeholder Chart and Holistic Stakeholder Chart attached) outline benefits and costs associated with this scenario and the stakeholders in terms of the environmental economic concepts from two perspectives. One chart (Traditional Stakeholder Chart) as in an anthropocentric mindset (human centered). We are not worried about impact to the ecosystem, ecological valuation or other non-use, non-market costs-benefits.

And the other chart (Holistic Stakeholder Chart) more ecocentric mindset (ecological-centered). This should include impact to the ecosystem, ecological valuation or other non-use, non-market costs-benefits in the

Write a 250 word summarization of the these two competing sets of charts and how the benefit-cost analysis changes when considering a more holistic perspective of the environment. Additionally, create a flow chart (as modeled in the last weeks notes) to show stakeholders and Benefits-Cost analysis.

Helpful notes and links

Cost Benefit Analyses

https://www.conservation-strategy.org/economic-video-lessons/all?term_node_tid_depth=380

Stakeholder mapping and analysis

https://www.betterevaluation.org/evaluation-options/mapping_stakeholders

Attachments

· Traditional Stakeholder Chart

· Holistic Stakeholder Chart

· The Benefits and Costs of Environmental Protection

· The Efficiency of Markets

· Stakeholder analysis

· A Simulation Model for Determining Cost-Effectiveness of Fences for Reducing Deer Damage

· PAYMENTS FOR ECOSYSTEM SERVICES