1. Key Conclusions of
Workshop Session 4: taking stock of developments – research and other work

2. Session 4: Taking stock of developments (research and oth.)
Recent developments:
1. Variety of work streams at the EEA related to water economics: better understanding the options/effects of water policy decisions (WFD) & what information/methodologies are needed, e.g. linking WFD and water (ecosystem) accounts
2. CIS-SPI ad-hoc activity ( & meeting end of Sept): key issues:
Economic valuation of ecological services
Improvement of economic analysis (process-oriented) 2

3. Session 4: Taking stock of developments (research and oth.)
key issues:
Alternative financing – use of economic / market-based instruments
Current projects of interest (IWRM-Net): ESAWADI, Water Cap & Trade); interesting developments: e.g. game theory
3. Project on:
Developments in non-market valuation of relevance to WFD-implementation
Assess the role of ecosystem services approach 3