📖 The Scoop
The main costs were the expenses of the three federal agencies, the fee paid by the participating firms and the investments required for the in-plant projects. [...] Huppé (2004) produced an exploratory CBA of the first three years of the program, but he did not try to place a value on the environmental benefits of the program, neither did he try to evaluate the costs and benefits from other perspectives than that of society as a whole. [...] The distribution of firms by industrial sector is provided below, as well as the number of in-plant projects implemented per year and the distribution of the types of projects. [...] First, when identifying the benefits of the program, we faced the difficulty of establishing the number of years the benefits would occur. [...] The methodologies involved include revealed preference methods and contingent valuation.6 As will be seen below, we will be dealing with nine different types of emissions, and it would be beyond the scope of this research to conduct an original study to determine the value of each of these nine types of emissions in the context of Quebec.
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