A Tool for Economic Valuation of Ecosystem Services in Flanders. Sara Ochelen – Flemish Ministry of Environment, Nature and Energy. Cost benefit analysis for better informed decisions. Intended new policy or new project Society better off with or without? A or B?
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A Tool for Economic Valuation of Ecosystem Services in Flanders
Sara Ochelen – Flemish Ministry of Environment, Nature and Energy
Tool: handbook and supporting on-line calculator for valuation of ecosystem services.
Total cultural value: € 170 million/year
Change in quantity x price
Δ ton CO2 in soil
Δ kg PM in air
Δ decibel in houses
Δ kg N in water
50 €/ton CO2 (international literature)
30 €/kg PM (health costs)
1% house value/dB (house depreciation)
74 €/kg N (marginal abatement cost)
Quantity x Price = € 3,8 million
Change in denitrification potential
Cost curve N-removal
Additional 51.660 kg N
times 74 €/kg N
= 3,8 € million
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