Cost–Benefit Analysis in Environmental Economics in the Light of Islam
Introduction Environmental economics is a vital branch of economics that examines the interactions between economic activities and the natural environment. As societies pursue development, industrialization, and technological progress, projects often generate economic benefits, such as income, employment, and infrastructure. However, these projects may simultaneously create environmental and social costs, including pollution, habitat destruction, depletion of natural resources, and public health challenges. Modern policymakers face the challenge of balancing economic growth with ecological sustainability and social welfare. Cost–Benefit Analysis (CBA) has become a key tool in addressing this challenge. By systematically evaluating the benefits and costs of a project, including environmental and social dimensions, decision-makers can determine whether it aligns with both economic efficiency and long-term sustainability. Islamic teachings provide a complementary ethical framework for eco...