How to value marine and coastal ecosystem services for policy use

Monday, August 28, 2017 3:30 pm - 4:30 pm EDT (GMT -04:00)
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As part of our WaterTalk lecture series Ståle Navrud, professor of environmental and resource economics, presents, "How to value marine and coastal ecosystem services for policy use." 

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Coffee and light refreshments will be provided. 

More information 

The Norwegian Coastal Administration (NCA) is in charge of planning and implementing local and regional preventive measures to avoid oil spills from ships, and they regularly carry out cost-benefit analyses (CBAs) of these measures. However, NCA recognized that these CBAs were incomplete as the monetary assessment of benefits excluded non-market benefits in terms of avoided damages to marine and coastal ecosystem services (ES), and decided to fund an extensive research program into their economic values. The results from an extensive internet survey show that the monetary value of these ES impacts could potentially be very large, and affect the outcome of CBAs of preventive measures. Thus, incorporating regional unit values for different levels of marine and coastal ES damages from oil spills in their CBAs will have policy implications in terms of improved ranking of preventive measures to maximize public welfare of NCAs current budget, and could justify increased budgets for measures avoiding loss in these ES.

Speaker bio

Stale Navrud
Ståle Navrud is a professor of environmental and resource economics (ERE) at the School of Economics and Business at the Norwegian University of Life Sciences. He has extensive experience in ERE in Europe, Africa, Asia and Latin America, and has published more than 100 journal articles and book chapters on economic valuation of environmental quality (air, water and soil pollution), ecosystem services (marine, terrestrial and aquatic), cultural heritage, and environmentally related health impacts. He has co-edited three books on environmental value transfer, cultural heritage and environmental valuation in Europe. He was review editor of the Fifth Assessment Report (Climate Change 2014) of the Intergovernmental Panel on Climate Change (IPCC), and is currently an expert reviewer for the UN Intergovernmental Platform on Biodiversity and Ecosystem Services, and the UN Global Reporting and Assessment of the State of the Marine Environment including Socioeconomic Aspects. He has advised the Norwegian Government, the UK Environment Agency, the Swedish and Danish EPAs, and the US EPA on ecosystem services valuation and value transfer. The last few years he also has worked on economic valuation of the global economic value of preserving the Amazon Rainforest (the World Bank), economic valuation of coldwater coral reefs (Norwegian Research Council), and economic valuation of oil spill damages to coastal and marine ecosystem services (Norwegian Coastal Administration).

Location Information
Location Address: QNC - Quantum Nano Centre
200 University Avenue West
Room 1501
Waterloo, ON, CA  N2L 3G1
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Additional Information
Host: The Water Institute Event website: Eventbrite Cost: Free, please register