Valuation in the SEEA Developing a Scope of Work

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Presentation transcript:

Valuation in the SEEA Developing a Scope of Work The World Bank UNCEEA, June 24-26 2009

Outline June 10-- Small group of environmental economists with experience in environmental economics + UNSD to draft a Scope of Work Chapter 1. Conceptual framework and classifications Chapter 2. Concepts of value Chapter 3. Valuation of specific ecosystem benefits & damages Chapter 4. Macroeconomic aggregates and indicators Chapter 5. The way forward

Chapter 1. Conceptual framework and classifications Building on the Millennium Ecosystem Assessment: Classification of ecosystem services Detailed list of services was derived in a somewhat ad hoc manner by MA, should be revisited Classification of ecosystem assets Ecosystems overlap Delivery of a service requires a portfolio of assets

Chapter 2. Concepts of value Economic welfare vs SNA For ecosystem services already included in the SNA, ‘disentangle’ the value of ecosystem service from the product which embodies it. For ecosystem services not in SNA, the issue is whether they should be, and how they can be included in a manner consistent with SNA valuation. Other issues: Passive uses/biodiversity Valuing ecosystem services where financial payment systems are emerging

Chapter 3. Valuation of specific ecosystem benefits & damages Describe state of valuation for specific issues that are candidates for moving into the SEEA Standard Priorities not yet set Other issues to be addressed: Accounting issues related to Human Capital require that this form of capital be addressed. Accounting for publicly owned land, not included in the SNA, where most biodiversity is located Valuation of transboundary ecosystems Assets in the global commons (atmosphere, high seas)

Chapter 4. Macroeconomic aggregates and indicators Describe macroeconomic aggregates and indicators that are derived from these accounts & how they could be used Chapter 5. The way forward To provide guidance for those national statistical offices that want to start implementing valuation of ecosystem services To identify the research necessary to create consensus and to move the accounts discussed here into the statistical standard

Timeline June 24-26, 2009 Present Draft SOW to UNCEEA Late June 2009 Circulate draft SOW to larger Technical Experts Group July 2009 Prepare final SOW and begin work on papers Nov 2009 Present the final SOW at the London Group meeting Early 2010 Draft a paper on valuation & circulate to Technical Advisory Group Spring 2010 Convene meeting of the Technical Advisory Group to discuss the draft paper; Late 2010 Finalize the paper