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suppose that you are asked to conduct a cost-benefit study of a proposed coal-fired power plant. the plant will be built on the outskirts of a residential area and will emit a certain volume of pollutants. it will require a substantial amount of water for its cooling system. industries in the region argue that the additional power is urgently needed, but local residents oppose construction. how would you evaluate social and environmental costs and weigh them against economic benefits? make sure to mention potential costs, potential benefits, and techniques used in your answer.

Respuesta :

Industries in the region argue that the additional power is urgently needed, but local residents oppose construction. The social and environmental costs can be computed by the following:

  • Cost of relocation of people to new place
  • Water cost for cooling system
  • Impact of water level reduction and increased cost for local residents
  • CO2 and other pollutants removal in air/Carbon emission cost
  • Cost of planting additional trees for natural purification

Economic benefits:

  • Industrial growth and revenue for area in form of taxation
  • Employment generation and income tax for local government as revenue
  • Potential of industrial growth and new industries in area

An industry is a group of organizations which are related based on their primary business sports. In cutting-edge economies, there are dozens of industry classifications. enterprise classifications are commonly grouped into large classes referred to as sectors.

Learn more about industry here:https://brainly.com/question/26521390
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