As we look to tackle the climate crisis, it is becoming increasingly important for businesses to include carbon reduction strategies in their operations. An environmental cost-benefit analysis (ECBA) is a vital new tool to help you make decisions that will reduce your carbon footprint and mitigate the impacts of climate change.
This microcredential will equip you with the skills to use an environmental cost-benefit analysis for effective business and policy decision-making.
You’ll learn how to choose and implement strategies to mitigate the impacts of climate change and reduce carbon emissions. Using sensitivity simulations, you’ll also investigate accelerating the adoption of different carbon abatement mechanisms.
Gain decision-making skills to tackle environmental issues
You’ll start by exploring decision-making in business and how to improve your skills to use in your context.
Next, you’ll examine the role of sustainability and environmental issues in decision-making and how you can use this knowledge to make more climate-friendly business choices.
Learn how to evaluate trade-off in a cost-benefit analysis
A cost-benefit analysis helps you avoid bias in your decision-making as you determine the strengths and weaknesses of a decision.
On the microcredential, you’ll gain the skills to evaluate different trade-offs as you conduct a cost benefit analysis. Using Excel, you’ll discover how to use the discounting process to project future costs and benefits.
With this knowledge, you’ll then delve into the environmental cost benefit analysis. You’ll explore the prospects and challenges of valuing the environment as well as how to determine the value your consumer has for environmental goods or services.
Explore policies for pollution control
Next, you’ll explore the policies and practices for pollution control and the method of carbon pricing.
You’ll learn key techniques to allow for efficient allocation of pollution in your cost-benefit analysis.
Learn practical skills with Deakin University
Finally, you’ll see different environmental cost benefit analyses in practice to see how it works across different industries.
With this knowledge, you’ll have the practical skills to create business cases which are better informed by environmental benefits and costs, risks and uncertainty, and the relevant time frames in business decision-making.
How will this microcredential help me develop in my career?
As more climate change mitigation policies and legislations begin to be implemented, it will become essential for businesses to measure and reduce their carbon footprint. The green skills you learn on this course will be transferable across industries as you can help businesses make decisions based on carbon reduction strategies.
What’s more, the environmental cost-benefit analysis tool addresses recent Australian legislative arrangements to reduce carbon footprint and the need for firms and businesses to adapt the legislation.
How will I be assessed?
You’ll complete an assessment task in two parts. First, you’ll use Excel to create a hypothetical environmental cost benefit analysis and submit both your spreadsheet and analysis report.
Second, you’ll develop a proposal for an ECBA study to assist a business or government decision.
Will I receive University credits?
Upon successful completion of the microcredential and assessment, you’ll receive 0.5 Deakin University credits and a digital certificate.