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Economic Valuation Tool (adapted from TEEB, B£st and Selling Sustainability)

Economic valuation tools are essential to monitor impacts and to access financial support from stakeholders. The tool involves the valuation of inherent economic, environmental and social benefits based on shared implementation and financing plans to encourage support from stakeholders.

Based on TEEB, B£st and Selling sustainability in SKINT (SSIS).

The BEGIN project used this tool to generate 20% stakeholder contribution to whole-life maintenance costs of the pilot projects, committed trough Memoranda of Understanding.

More information:

TEEB (The Economics of Ecosystems & Biodiversity)

B£st

Selling sustainability in SKINT (SSIS)

The Natural capital model maps the economic value of local ecosystem services – including land use, soil type, ground water.

The model allows for the calculation of the value of these ecosystem services using standardised base maps. The tool allows researchers to demonstrate impacts through effective cost-benefit analysis.

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Atlas Natural Capital

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TEEB

The Economics of Ecosystems and Biodiversity – is a global initiative focused on ‘making nature’s values visible’ and is central to decision-making.

Natural Capital Accounting is central to the effective use of the tool by assessing and monitoring impacts through cost-benefit analysis.

The Green Benefit Planner is a spatial decision-support tool for calculating the effects of spatial changes on natural capital, to support spatial planning. Through the use of the Green Benefit Planner, it is possible to calculate the effect of different scenarios on ecosystem services and the accrued societal benefits. 

The tool applies models from the Natural Capital Model (NK-Model), a collaborative modelling platform from RIVM, Wageningen Environmental Research and The Netherlands Environmental Assessment Agency.

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Green Benefits Planner

Whole Life Costing Tool CIPFA

Whole life costing is an investment appraisal and management tool which assesses the total cost of an asset over its whole life. It takes account of the initial capital cost, as well as operational, maintenance, repair, upgrade and eventual disposal costs.

The Life Cycle approach to asset management ensures reliable asset performance throughout its lifetime and by taking an integrated approach, complex challenges can be identified and addressed. The approach also allows for the creation of flexibility in assets and asset systems, which is essential in the context of climate adaptation.

Cloud 2 Coast

Life Cycle Costing

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