. The Cost of Policy Inaction: The case of not meeting the 2010 biodiversity target. The position of the COPI project in the policy life-cycle The position of COPI in the so-called policy life-cycle is shown in figure (Bakkes et al., 2006) COPI Problem recognition Investigating problem / conflicting assumptions I - Problem identification Discontinuation Identification of possible solutions IV - Follow up II - finding options Evaluation III - Analysis & Analysis of policy proposals Implementation. Compare V^ policy options Figure Place of COPI in the policy life cycle The purpos
. The Cost of Policy Inaction: The case of not meeting the 2010 biodiversity target. The position of the COPI project in the policy life-cycle The position of COPI in the so-called policy life-cycle is shown in figure (Bakkes et al., 2006) COPI Problem recognition Investigating problem / conflicting assumptions I - Problem identification Discontinuation Identification of possible solutions IV - Follow up II - finding options Evaluation III - Analysis & Analysis of policy proposals Implementation. Compare V^ policy options Figure Place of COPI in the policy life cycle The purpose of estimating the costs of policy inaction is to highlight the need for action, prior to the specific development and appraisal of policy instruments. COPI is therefore concerned with problem identification, and with understanding the dynamics of ecosystem change and the associated damage costs in the absence of new or revised policy interventions. A COPI-analysis differs from a Cost-Benefit analysis - in that: • COPI is undertaken prior to the identification of policy choices, while Cost- Benefit analysis relates to a defined policy option and choice; • COPI addresses the total costs of not changing, while Cost-Benefit analysis is concerned with the marginal net benefits of change or the marginal net costs of not changing; • COPI is concerned either with a range of pressures on an environmental domain, or with the effect of a given pressure on a range of environmental domains, or some combination; Cost Benefit analysis relates to the specific policy options and the related defined pressure and a particular aspect of the environment The most important guiding principle for a COPI analysis is to say what can be said, in terms that are clear, understandable, with results that are useful and can be traced and explained. In practice, it is valuable to present the costs of policy action in all three manners - in qualitative terms, in quantitative terms and monetary terms —
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