Tag: valuation
-
The True Value of Nature in the Ohio River Basin
This Earth Day, the Earth Economics team has published a study coauthored with the Ohio River Basin Alliance (ORBA) on the economic value that the Ohio River Basin provides, with staggering results: at least $50 billion in annual benefits- and that’s not all. The Ohio River Basin is approximately 69 million acres of land across…
-
NOAA Recognizes Best Practices for Ecosystem Service Valuation Efforts
In a recent document on Measuring the Value of Ecosystem Services, NOAA shouted out work they found particularly impactful in the quest to adequately value the contributions of nature- including one of our newest partners, Earth Economics! “It’s common to hear people say that the value of nature and its services are priceless,” the NOAA…
-
September 2023 Knowledge Series: Enhancing Benefits Evaluation for Water Resources Projects: Towards a More Comprehensive Approach for Nature-Based Solutions
Jordan Fischbach, The Water Institute The economic benefits associated with water resources projects has been the focus of federal investment decisions for decades. However, the science of quantifying and evaluating the diverse environmental, social, and economic benefits and costs of water resources projects, particularly those including Nature Based Solutions (NBS), has advanced in recent years.…
-
A Capstone Report: New Methods to Assess the Full Spectrum of Benefits Associated with Nature-Based Solutions
In collaboration with The Water Institute, we have conducted extensive policy research to evaluate the benefits of Engineering With Nature® (EWN) principles and nature-based solutions for USACE projects. This final report represents a significant milestone in our journey to advance nature-based solutions for navigation, flood risk management, water operations, and ecosystem restoration. Throughout the research…
-
Measuring What Matters: Towards a More Comprehensive and Equitable Evaluation of Benefits
Pictured above, Scott Pippin (second from the left) discusses promoting NBS by improving how we assess the benefits of infrastructure investments at the Measuring What Matters Summit in Washington D.C. The National Academies of Sciences, Engineering, and Medicine, in collaboration with the U.S. Army Corps of Engineers’ Engineering With Nature® Program and The Water Institute of the Gulf, will…
-
Evolution of Benefits Evaluation and Prioritization of Water Resources Projects
Network for Engineering With Nature partners, The Water Institute of the Gulf, the Institute for Resilient Infrastructure Systems, and the U.S. Army Corps of Engineers, Engineering With Nature initiative teamed up to analyze past and current benefits evaluation approaches to identify practical options for improving federal practice for evaluating the economic, environmental, and social benefits of…
-
June 2022 Knowledge Series: Economic Valuation of Nature-Based Infrastructure
Ben Blachly, Susana Ferreira, Yukiko Hashida, Grace Anne Ingham, Craig E Landry & Anna Perry The common method used to calculate Benefit-cost analysis does not incorporate the often-times greater long-term benefits of natural infrastructure (NI) over conventional approaches, putting the selection of NI at a disadvantage. Several groups are moving toward an ecosystem services approach to identifying benefits that people obtain…