SPREP Completes Second PACC Training on Cost-Benefit Analysis

2 February 2012: The Pacific Adaptation to Climate Change (PACC) project, under the Secretariat of the Pacific Regional Environment Programme (SPREP), has completed the second training on Cost Benefit Analysis (CBA) of PACC projects. Held in partnership with the UN Development Programme (UNDP), the training considered climate change projections and risks in project planning.

The four-day training was held in Suva, Fiji, from 14-27 January 2012, and included participants from Fiji, Palau, Papua New Guinea and Solomon Islands.

CBA calculates and compares the benefits and costs of a project, decision or government policy. Aaron Buncle, SPREP Resource Economist, said the primary purpose of conducting a CBA is to determine which project options will confer the greatest benefits for Pacific island communities.

The CBA training is the first part of a two-phase program under PACC. The second phase will consist of sector-level economic analysis of climate change adaptation. [SPREP Press Release]