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Center for energy efficiency XXI (ENEF XXI)Assessment of below Carbon Social and Economic Development Strategy for the Russian Federation to 2050 Igor Bamako and Tatiana ShishkinaSlow Carboloy carbon Moscow,
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Identify all the costs associated with the project or decision.
02
List each cost separately and categorize them (e.g. one-time cost, recurring cost).
03
Estimate the monetary value of each cost.
04
Identify all the benefits that will result from the project or decision.
05
List each benefit separately and categorize them (e.g. direct benefit, indirect benefit).
06
Estimate the monetary value of each benefit.
07
Compare the total costs and total benefits to determine if the project or decision is financially viable.

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Costs and benefits refer to the analysis of the economic advantages and disadvantages associated with a particular decision or project, assessing both the financial impacts and the overall value generated.
Typically, organizations or entities that are undertaking projects that impact public funds, or policymakers who need to analyze the economic implications of proposed regulations are required to file costs and benefits.
To fill out a costs and benefits analysis, one should identify all potential costs and benefits of a project, quantify them whenever possible, calculate the net benefit, and provide a clear justification for the values assigned.
The purpose of costs and benefits analysis is to inform decision-making by providing a systematic approach to comparing the financial and social implications of different options.
The report must include a detailed list of all costs and benefits, methodologies used for calculations, assumptions made, and qualitative factors that may influence the analysis.
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