Sustainability Commons^™

Incorporating Externalities And Uncertainty Into Life-Cycle Cost Analysis, Alec C. Danaher

Theses and Dissertations

Executive Order 13514 requires federal agencies to consider economic and social benefits and costs when evaluating projects and activities based on life-cycle return on investment. The generation of energy used by federal facilities imposes social externalities, most notably air pollution, upon society. This research utilized the social costs of carbon dioxide, oxides of nitrogen, and sulfur dioxide to develop a probabilistic life-cycle full-cost analysis tool for the analysis of energy efficiency projects. The tool was then used to investigate the effects of incorporating social externalities and uncertainty into life-cycle cost analyses of energy efficiency projects. Calculation of the social benefits …