Does CCS assign a dollar value to reduced climate change risk and damages?
No. Due to the complexities of monetizing the value of human life, disease risk, and severe weather risk, as well as damages to water cycles, public health, ecosystems, species, human settlements, industrial systems, or other potential climate damages and quantification of the likelihood of catastrophic losses, scientific advisory bodies usually recommend the use of cost-effectiveness analysis and related economic techniques to address trade-off decisions on policy choices. Narrow financial application of “cost-benefit analysis” may lead to uneven or incomplete comparisons of full costs and benefits, and may be biased against consideration of important nonmarket costs and benefits.
