December 1, 2023
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Valuing the benefits of water sensitive investments using the Benefit: Cost Analysis Tool and the Value Tool
The first step to funding and financing water sensitive investments is valuing them. You can do this using the INFFEWS tools – the Benefit: Cost Analysis Tool and the Value Tool – created by the CRC for Water Sensitive Cities.
The next round of training on using these tools is running in December 2023.
When:
Benefit: Cost Analysis Tool - Monday 4 December 2023, 11 am–3 pm AEDT
Value Tool - Monday 11 December 2023, 12 pm–4 pm AEDT
Where: Online via Zoom
Register for INFFEWS training
Program overview
Benefit: Cost Analysis Tool – This tool compares the benefits of a water sensitive project with its costs, to assess whether it’s worthwhile. The training covers:
- uses of benefit–cost analysis (BCA), types of benefits and costs, and sources of data
- BCA decision criteria, with-project versus without-project scenarios, attribution, representing behaviour, uncertainty, project risks
- accounting for time (discounting), time frame for the BCA, common mistakes
- BCA and decision making
- worked application of the BCA tool
Value Tool – This tool gives practitioners a way of valuing the benefits of water sensitive projects that are not traded in markets (e.g. the amenity, recreation and environmental benefits). The training covers:
- an overview of non-market valuation
- how non-market valuations are used in benefit–cost analysis
- background on benefit transfer methods
- description of the Value Tool and features
- worked application of benefit transfer for a water sensitive project using the Value Tool.
Cost
If your organisation is a partner of Water Sensitive Cities Australia, you can attend both training sessions and gain access to the Value Tool free of charge. If this applies to you, please contact WSCA (info@wscaustralia.org.au) with your name and email address and we will pre-register you for the event.
The following organisations are WSCA partners: Melbourne Water (Victoria), South East Water (Victoria), WA Water Corporation, WA Department of Communities, WA Department of Water and Environmental Regulation, WA Department of Biodiversity, Conservation and Attractions.
For all other attendees, ticket prices are outlined below:
|
Ticket type |
Cost (inc. GST) |
|
BCA Tool training [Dec 4] |
$400 |
|
Value Tool training [Dec 11] |
$400 |
|
BCA and Values Tool training [Dec 4 & Dec 11] |
$800 |
Please note, you will need to download both the BCA Tool (no charge) and the Value Tool (annual subscription) for the training. You will receive a discount on the annual subscription (50% off) to the Value Tool once you have booked your training ticket. We will send you the promo code for the discount once you have registered.
Register for INFFEWS training
About the trainers
Professor David Pannell
David is Professor in the Department of Agricultural and Resource Economics at the University of Western Australia, Co-Director of the Centre for Environmental Economics and Policy, a Fellow of the Academy of Social Sciences in Australia, a Fellow of the Agricultural and Applied Economics Association (USA), and was an ARC Federation Fellow (2007-2012). He is a director of Natural Decisions Pty Ltd.
Associate Professor Md Sayed Iftekhar
Sayed is an applied and environmental economist at Griffith University. He has substantial expertise in cost-benefit analysis, non-market valuation, impact assessment, mechanism designs, and sustainable management of natural resources, such as water, land, energy, and the environment. He is the immediate past Secretary of the Australasian Agricultural and Resource Economics Society (AARES). He is currently the Editor-in-Chief of the Economic Analysis and Policy journal.
