Monetary assessment of all negative and positive impacts associated with a given action. Cost-benefit analysis enables comparison of different interventions, investments or strategies and reveals how a given investment or policy effort pays off for a particular person, company or country. Cost-benefit analyses representing society's point of view are important for climate change decision-making, but there are difficulties in aggregating costs and benefits across different actors and across timescales. See also Discounting.
IPCC
Climate Change 2022: Impacts, Adaptation and Vulnerability
IPCC Report