The screening looks at climate adaptation across the 14 sectors dealt with in the government's climate change adaptation strategy from Potential damage costs are high in these sectors, and the example calculations indicate that these sectors have the greatest potential for limiting damage costs in a cost-effective manner through adaptation measures. The sectors mentioned are characterised by long-term investments, and this calls for early incorporation of climate change adaption. Within the sector of coastal protection however, it is possible to implement adaptation measures at shorter notice. In addition the most significant consequences in this sector are not expected to occur until after An important conclusion of the screening is, that for almost all of the sectors it is assessed that climate change adaptation can take place within the existing regulatory framework.
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Financial and economic analyses have similar features. Both estimate the net-benefits of a project investment based on the difference between the with-project and the without-project situations. Economic analysis is concerned with the true value a project holds for the society as a whole. In addition, economic analysis would also cover costs and benefits of goods and services that are not sold in the market and therefore have no market price. There are two more significant differences between financial and economic analysis:. Underlining the integrated perspective of the IFM approach, cost-benefit analysis in the present context, is meant to be a form of economic analysis. However, it has to be noted that economic and financial analysis are also complementary.
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Skip to content. Before you start an economic appraisal, it's important to know the detail of carrying one out. This page provides an overview of economic appraisals. It is a key tool for achieving value for money and satisfying public accountability requirements.