Economists from the National Oceanic and Atmospheric Administration (NOAA) will present a training event focused on economic analysis and how to use it to show the value of healthy ecosystems.
Coastal managers often need economic valuation information for project proposals, assessments or funding applications. This training will provide information about approaches for economic analysis, relevant examples, and guidance on how to conduct basic benefit-cost analysis and ecosystem service valuation.
The training will feature two modules, with a break for a provided lunch.
This module provides an introduction to economic analysis terminology related to benefit-cost analysis, economic impact analysis, cost-effectiveness analysis, benefit valuation methods and more. Understanding these basics will help participants identify the most appropriate approach and the data needed.
Participants will learn how to:
This module provides an overview of three common paths used to estimate the value of ecosystem services: site-specific studies, benefits transfer and tools with built-in benefits. Each path will include information on its strengths and limitations and on relevant support tools.
Participants will learn how to:
The trainers will be available after the session for one-on-one, 30-minute technical assistance sessions. Topics discussed during session time may include but are not limited to projects, programs and studies with economic valuation needs. Technical assistance session times must be reserved in advance.
The training and technical assistance are free, but pre-registration is required.
To register for a 30-minute technical assistance session, contact Lynne Pusey at lynne.pusey@delaware.gov or at 302-735-3417.