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Environmental Valuation in Developed Countries
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Environmental Valuation in Developed Countries

Case Studies

9781848444621 Edward Elgar Publishing
Edited by the late David Pearce, formerly Emeritus Professor of Economics, University College London, UK
Publication Date: 2009 ISBN: 978 1 84844 462 1 Extent: 480 pp
This is the second of two volumes of case studies that illustrate how environmental economists place values on environmental assets and on the flows of goods and services generated by those assets.

This important book assembles studies that discuss broad areas of application of economic valuation – from amenity and pollution through to water and health risks, from forestry to green urban space. In this, his last book, the late David Pearce brought together leading European experts, contributors to some two dozen case studies exploring the frontiers of economic valuation of natural resources and environmental amenity in the developed world.

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Critical Acclaim
Contributors
Contents
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This is the second of two volumes of case studies that illustrate how environmental economists place values on environmental assets and on the flows of goods and services generated by those assets.

The first volume, Valuing the Environment in Developing Countries, illustrates methodologies and applications of valuation techniques in the developing world; this volume concentrates on developed or ‘wealthy’ nations where the first examples of economic valuation of the environment were carried out. This important book assembles studies that discuss broad areas of application of economic valuation – from amenity and pollution through to water and health risks, from forestry to green urban space. In this, his last book, the late David Pearce brought together leading European experts, contributors to some two dozen case studies exploring the frontiers of economic valuation of natural resources and environmental amenity in the developed world.

Essays on the role of valuation in environmental policy, environmental justice and green accounts are presented, and case study topics include:

• valuing forestry benefits
• GM crops
• water use and quality
• externalities in the electricity sector
• renewable energy benefits
• electricity transmission line disamenity
• urban greenspace
• chemical risks
• noise pollution.

Economic valuation has undoubtedly made an important contribution to the environmental debate, and the contributors illustrate how sophisticated techniques have become, and how powerful their application can be. As such, this significant volume will prove essential reading for academics, researchers, students and practitioners in the field of environmental economics.
Critical Acclaim
‘Environmental Valuation in Developed Countries will be of interest to policy makers and economist in search of a variety of methodologies related to environmental valuation.’
– Political Studies Review
Contributors
Contributors: D. Allcroft, G. Atkinson, I. Bateman, R. Brouwer, C. Bullock, M. Christie, J.P. Clinch, B. Crabtree, B. Day, Y. de Garis, D. Dupont, K. Ek, J. Fisher, S. Georgiou, B. Groom, C. Hall, N. Hanley, C. Hepburn, B. Horton, T. Hyde, P. Koundouri, I. Lake, N.G. Matias, D. Moran, S. Morimoto, S. Mourato, K. Murphy, J. Newcombe, E. Özdemiroglu, D. Pearce, A. Provins, R. Scarpa, S. Schenau, P. Söderholm, L. Subramanian, T. Sundqvist, R. van der Veeren, J. Warren, K. Willis, R. Wright
Contents
Contents:

David Pearce (1941–2005): A Tribute

1. Introduction: Valuing Environments in the Rich World
David Pearce

PART I: NATURAL RESOURCES: FORESTS, BIODIVERSITY, WATER AND ENERGY
2. Cost–Benefit Analysis of Irish Forest Policy
J. Peter Clinch

3. Costs and Benefits of UK Forestry Policy
Bob Crabtree

4. Valuing Changes in Farmland Biodiversity Using Stated Preference Techniques
Mike Christie, Nick Hanley, John Warren, Tony Hyde, Kevin Murphy and Robert Wright

5. Implications of Declining Discount Rates for UK Climate Change Policy
Ben Groom, Cameron Hepburn, Phoebe Koundouri and David Pearce

6. Valuing Perceived Risk of Genetically Modified Food: A Meta-Analysis
Clare Hall, Dominic Moran and David Allcroft

7. Valuing Water Quality Changes in the Netherlands Using Stated Preference Techniques
Roy Brouwer

8. Measuring Environmental Externalities in the Electric Power Sector
Patrik Söderholm and Thomas Sundqvist

9. Quantifying the Environmental Impacts of Renewable Energy: The Case of Swedish Wind Power
Kristina Ek

PART II: AMENITY AND WATER QUALITY
10. Underground or Overground? Measuring the Visual Disamenity from Overhead Electricity Transmission Lines
Giles Atkinson, Brett Day and Susana Mourato

11. Using Choice Experiments to Value Urban Green Space
Craig Bullock

12. Valuing the Environmental Benefits of Water Industry Investment in England and Wales
Bruce Horton and Jonathan Fisher

13. Valuing Water Service Level Changes: A Random Utilty Approach and Benefit Transfer Comparison
Kenneth Willis and Riccardo Scarpa

14. The Value of a Tidier Thames: Willingness to Pay to Reduce Sewage Overflow
Susana Mourato, Ece Özdemiroglu, Giles Atkinson, Jodi Newcombe and Yvette de Garis

15. Cost–Benefit Analysis and the Prevention of Eutrophication
Ian Bateman, Brett Day, Diane Dupont, Stavros Georgiou, Nuno Gonçalo Matias, Sanae Morimoto and Logakanthi Subramanian

16. Is it Worth Revising the European Bathing Water Directive? A Choice Experiment
Susana Mourato, Allan Provins, Ece Özdemiroglu, Stavros Georgiou and Jodi Newcombe

17. Hedonic Price Analysis of Road Traffic Noise Nuisance
Brett Day, Ian Bateman and Iain Lake

PART III: VALUATION AND SECTORAL GREEN ACCOUNTING
18. Towards Green Sectoral Accounts for UK Agriculture
Jodi Newcombe, Ece Özdemiroglu and Giles Atkinson

19. Scale Issues and Scaling Procedures in Integrated Water Accounting
Roy Brouwer, Sjoerd Schenau and Rob van der Veeren

Index
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