Environmental Valuation Techniques

Description: The training addresses methods to value the natural and environmental resources that have no market value. The training explains the theory behind each method, the quantitative methodology, the strengths and weaknesses of each method. The training covers a full range of environmental valuation techniques and their applications using real world datasets.

Content: The training will cover the following topics:

Topic 1: Fundamentals of Valuation

  • Introduction to Valuation: Definition and Basic Concepts
  • Economic Values
  • Why Environmental valuation
  • Market Failures
    • Public Goods
    • Externalities
    • Property Rights
  • Components (dimensions) of value of a resource

Topic 2: Valuation Techniques

  • Types of Economic Values
    • Welfare Foundations of Environmental Valuation
    • Revealed Preference (RP) Methods
      • Travel Cost Method
      • Hedonic Price Method
      • Production Function-Based and Avoided Cost Approaches
    • Stated Preference (SP) Methods
      • Contingent Valuation Method
      • Choice Modelling
      • Contingent Valuation versus Choice Experiment
    • Combined RP and SP Methods
    • Benefit Transfer Method

Topic 3: Empirical Applications of the Different Valuation Techniques

  • Case Study and Examples

Target Group: The training is suited to researchers or academicians, practitioners, environmental analysts, policy makers/advisors.

Requirement: A minimum of BA/BSc degree in economics and related fields is important but not mandatory. The trainees should bring personal laptop computer

Duration of the Training:  Five days

Register now https://forms.gle/VCXqvDBrruBEcATv6