We make an attempt to shed light on how Swedish environmental policy has evolved over the years in response to changing environmental problems as well as changing priorities. Our analysis covers the past, the present and, in a sense, the future. A central point we try to make is that the chosen...

Conventional cost-benefit rules typically assume that the alternative to the project under evaluation is 'doing nothing' or 'business as usual'. In this note we contrast this approach to one where the alternative is to provide another environmental good or service. We show that this approach,...