{
  "url": "https://openlegislation.uk/eu-regulation-2015-207/annex-III/division-2/division-2.3/division-2.3.3",
  "json_url": "https://openlegislation.uk/eu-regulation-2015-207/annex-III/division-2/division-2.3/division-2.3.3.json",
  "legislation": "eur/2015/207",
  "legislation_title": "Commission Implementing Regulation (EU) 2015/207 of 20 January 2015 laying down detailed rules implementing Regulation (EU) No 1303/2013 of the European Parliament and of the Council as regards the models for the progress report, submission of the information on a major project, the joint action plan, the implementation reports for the Investment for growth and jobs goal, the management declaration, the audit strategy, the audit opinion and the annual control report and the methodology for carrying out the cost-benefit analysis and pursuant to Regulation (EU) No 1299/2013 of the European Parliament and of the Council as regards the model for the implementation reports for the European territorial cooperation goal",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2015-207",
  "path": "annex/III/division/2/division/2.3/division/2.3.3",
  "kind": "division",
  "number": "2.3.3",
  "heading": "Climate change mitigation and adaptation in the economic analysis",
  "text": "The CBA must take into account costs and benefits of the project in the context of Greenhouse Gas emissions and climate change. The quantification of the project's Greenhouse Gas emissions and the estimate of economic cost of carbon (or CO2) emissions used to monetise the externalities of such emissions shall be based on a transparent methodology aligned with the EU 2050 decarbonisation objectives. As for climate adaptation, costs of measures aiming at enhancing the resilience of the project to climate change impacts that are duly justified in feasibility studies should be included in the economic analysis. The benefits of those measures, e.g. measures taken to limit the emissions of GHG or enhance the resilience to climate change and weather extremes and other natural disasters, should also be assessed and included in the economic analysis, if possible quantified, otherwise they should be properly described.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2015/207/annex/III/division/2/division/2.3/division/2.3.3",
    "retrieved_at": "2026-11-01T14:46:53.697481+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}