International Waters learning Exchange & Resource Network


09 Oct 2017

Day 1: Sunday, 29 July, 2007

1000-1100     Registration

1100-1130     Welcome & introduction
Welcome to the workshop, introduction of participants, and overview of the agenda

1130-1300     Principles of economic valuation of ecosystems

Aim: Establish a conceptual framework for ecosystem valuation
Learning objective: Understand the principles of economic valuation of ecosystems
Key concepts & skills:
·      ecosystem goods and services
·      full economic value and components
·      measuring economic values; market and non-market values
·      contributions of ecosystem goods and services to the economy
·      contributions of ecosystem goods and services to marine economics
·      linkages between ecosystem values and sustainable development
·      valuation as a tool for environmental management

[Principals of Economic Valuation - Francis Vorhies]
[Economic Valuation - Hamid Ghaffarzadeh]
[Caspian Environment Programme: Experiences and Lessons Learnt - Hamidreza Ghaffarzadeh]

1300-1400    Lunch

1400-1500    LME benefits & costs (Group exercise)

Aim: Identify large marine ecosystem benefits and costs
Learning objective: Increase awareness of the complex array of LME economic values
Key concepts & skills:
·      classification of LME benefits – e.g., direct and indirect
·      classification of LME costs – e.g. financial and non-financial
·      classification of LME revenues – e.g. public and private

1500-1530    Coffee

1530-1700    Methods of ecosystem valuation

Aim:  Introduce methods for ecosystem valuation and applications
Learning objective: Identify suitable methods for economic valuation of ecosystems
Key concepts & skills:
·      methods and applications
·      criteria for choice of methods

[Environmental Evaluation and Cost-Benefit Analysis of Management Actions - Isao Endo]

1700-1800     The Economics of LME's: BCLME Case study

Aim: Introduction to the economics of the Benguela Current Large Marine Ecosystem (BCLME)
Learning objective: Applications in LME management; understanding how economic values for ecosystems inform decision making
Key concepts & skills:
·      ecosystems as ocean infrastructure: benefits of ecosystems for ocean management
·      economic costs of ecosystem degradation; the need for investment in ecosystems
·      integrating economic values for ecosystems into decision making
·      relevance of ecosystem values to GEF projects and processes

[Economics of Large Marine Ecosystems - Tony Leiman] [Lecture Notes - Tony Leiman]

1800-1900    Reception

Day 2: Monday, 30 July, 2007

0900-1000    Using valuations to influence decision-making

Aim: Apply the results of valuations in LME management and communicate outcomes
Learning objective: Use ecosystem values in LME management and decision-making
Key concepts & skills:
·      understanding and interpreting a valuation report
·      incorporating results into options assessments, environmental assessments, investment analysis, etc.
·      developing recommendations
·      communicating results and recommendations

[Economic Value of Marine Protected Areas Along the Garden Route Coast - Deon Nel] [Full Paper]

1000-1100    What do we want to accomplish? (Group exercise)

Aim: Identify practical goals for LME valuation
Learning objective: Understand how valuation can and cannot contribute to LME goals and objectives
Key concepts & skills:
·      using ecosystem valuations to change ways of thinking
·      making ecosystem valuation standard practice in planning and decision making for LMEs

1100-1130     Coffee

1130-1300     Designing & implementing valuation studies

Aim: Enable the design and implementation of valuation studies
Learning objective: Manage a valuation assessment: enabling design and implementation of valuation studies
Key concepts & skills:
·      consolidation of previous learning objectives
·      apply principles to identify key ecosystem goods and services
·      identify what valuation data are needed and scope of the assessment
·      select appropriate methods

[Designing and implementing valuation studies in the GCLME region (GCLME) - Ukwe]
[Designing and implementing valuation studies: A roadmap (IUCN) - Sadoff]

1300-1400     Lunch

1400-1500     Developing personal action plans (Group exercise)

Aim: Establish personal action plan for applying knowledge from the workshop into one’s projects and ongoing learning
Learning objective: Preparing for ongoing learning and application
Key concepts & skills:
·      valuation plans for participants’ own projects and context
·      strategies for expanding capacity and know-how in participants’ regions/countries

1500-1530     Coffee

1530-1630     What have we done? What is to be done?
Aim: Review workshop sessions and personal action plans
Learning objective: Establish take home messages from the workshop
Key concepts & skills:
·      Putting valuation to work
·      Commitment to personal action
·      Developing one’s professional networks

1630-1700    Closing remarks & workshop evaluation

Additional References

Principles of Economic Valuation

  • How Economic Valuation Can Help pay for Conservation - Francis Vorhies
    A short introduction to economic valuation and how we can use it to assess the benefits of ecosystem conservation as well as how these benefits are distributed among the stakeholders.

  • Economic tools for valuing freshwater and estuarine ecosystem services - Randall Kramer
    Reviews the growing body of research on the economic value of ecosystem services, focusing specifically on water quality and quantity.

  • The Economic Value of Biodiversity - David Pearce and Dominic Moran
    A classic book on the topic. Began life as a 1993 report to IUCN. Asks why biodiversity disappears and how its economic value might be captured by various institutional mechanisms.

  • Economic Values of Protected Areas - Guidelines for protected area managers 
    Introduces protected area managers to the concepts, methodologies, and language of economic valuation. Includes a selection of case studies. (by WCPA Task Force on the Economic Benefits of Protected Areas)

  • How Much is an Ecosystem Worth? - Stefano Pagiola, Konrad von Ritter and Joshua Bishop
    Seeks to clarify how valuation should be conducted to answer specific policy questions.

  • Assessing the Economic Value of Ecosystem Conservation - Stefano Pagiola, Konrad von Ritter and Joshua Bishop

  • Pricing What is Priceless - V. Kerry Smith
    An academic status report on non-market valuation of natural resources from the mid-90s.

  • The Valuation of Biodiversity for National Biodiversity Strategies and Action Plans - Dominic Moran and Camille Bann
    Provides guidance to trainers for the contents of workshops on biodiversity valuation.

Economics of Marine Resources

  • The Biodiversity Benefits of Coral Reef Ecosystems - Herman Cesar
    Gives some background to economic valuation and market creation and presents three case studies

  • Economic Activity Associated with the Northeast Shelf Large Marine Ecosystem - P Hoagland, D Jin, E Thunberg and S Steinback
    Estimates the economic activity of U.S. marine sectors associated with the Northeast Shelf LME.

  • Summary of the Economic Value of the Florida Keys National Marine Sanctuary, USA - Vernon [Bob] Leeworthy
    In 2000-01, all uses of the artificial and natural reefs of the Florida Keys National Marine Sanctuary generated over $504 million in Sales/Output, including multiplier impacts. This generated $140 million in income in Monroe County, which supported almost 10,000 full and part-time jobs.

  • Blue Pricing of Undersea Treasures - Jack Ruitenbeek
    Reviews the needs and opportunities for environmental economics research on coral reef management in South East Asia.
    See also:  Blue pricing of undersea treasures - annexes

  • Benguela Current Commission (BCC) Economic Study - Ussif Rashid Sumaila, Gordon Munro and Heather Keith
    The main purpose of this study is to analyze the economics of fishery management and other marine industries in the Benguela Current Large Marine Ecosystem (BCLME), reviewing the case for and against regional co-operation in managing the BCLME. 
    See also:  BCC economic study summary

  • Environmental Valuation Training in the Caspian Region
    This document is an outline of a November 2005 training course.

  • An Economic Valuation of the Terrestrial and Marine Resources of Samoa - Mohd Shahwahid H.O, edited by Richard McNally
    The Samoan authorities, in collaboration with WWF, commissioned research into the economic value of Samoa's marine and terrestrial resources, particularly forests. The findings and lessons learned are presented in this report.

  • In the Front Line: Shoreline Protection and other Ecosystem Services from Mangroves and Coral Reefs 
    Estimates the total economic value of reefs at US$100,000 to US$600,000 per square kilometre per year and mangroves at more than $900,000 per square kilometre per year. 
    See also:  UNEP Press release.

Biodiversity economics policy

    Incentive Measures: Proposals on the Application of Tools for Valuation of Biodiversity and Biodiversity Resources and Functions

    Incentive Measures: An Exploration of Tools and Methodologies for Valuation of Biodiversity and Biodiversity Resources and Functions

    Synthesis Report On Information Received From Parties, Other Governments And Organizations On Non-Monetary Positive Incentive Measures and on the Application of Methodologies for the Assessment of Values of Biodiversity and its Functions

Economic Valuation of LMEs


  • Biodiversity Economics
    Recently revamped by IUCN and WWF. Contains an extensive library of papers, reports and case studies.
  • Ecosystem Valuation
    Describes how economists value the beneficial ways that ecosystems affect people. Designed for non-economists who need answers to questions about the benefits of ecosystem conservation. (developed and written by  Dennis M. King, and Marisa Mazzotta)
  • The Environmental Valuation Reference Inventory
    A searchable storehouse of empirical studies on the economic value of environmental benefits and human health effects, developed as a tool to help policy analysts use the benefits transfer approach.
  • International Institute of Fisheries Economics and Trade (IIFET)
    Website of IIFET, an international group of economists, government managers, private industry members, and others interested in the exchange of research and information on marine resource issues.
  • Nature Valuation and Financing Network
    The overall aim of the Network is to stimulate the development of practical tools for proper valuation of the goods and services provided by ecosystems and biodiversity, so that decisions about economic development are made with the full understanding of all the costs and benefits involved.

More information about this event…

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