sectionII - Section II Valuation Present, future and...

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Present, future and uncertain costs Cost benefit analysis and choice of the discount rate Risk and expected value Chapter 7 Ecological economics How does ecological economics differ from traditional environmental economics? Natural Capital Weak versus strong sustainability Precautionary principle Chapter 8 National Income Accounting and the environment What are GDP, GNP, what do they measure and what are they used for? What is missing from these measures? Natural capital depreciation Accounting for environmental services Alternatives to GDP Green accounting or green GDP Human development Index Satellite accounts Chapter 6 Valuing the environment iTypes of Values Use value Direct Indirect (Ecosystem services) Non-use values Option value Existence value Bequest value ii.Valuation methods Market Valuation Non-Market Valuation Direct/Stated preference methods (Contingent Valuation) WTP vs WTA. Demand-side methods (aka Indirect/Revealed preference)
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sectionII - Section II Valuation Present, future and...

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