Recent interest in the economics of biodiversity and wider ecosystem services has been given empirical expression through a focus upon economic valuation. This emphasis has been prompted by a growing recognition that the benefits and opportunity costs associated with such services are frequently...

While the basic principles of cost-benefit analysis (CBA) are long-standing, the challenges entailed in applying these principles are constantly evolving. This paper reviews recent developments in environmental CBA since the publication of an OECD volume on this topic by Pearce et al. (2006)....