1. TEEB Training Module 4: Valuation tools TEEB Training for National Level Implementation ©TEEB

2. TEEB Training Why is Valuation important? A faulty compass –The valuation of extractive (non-conservation) alternatives is routine –Omitting values can lead to outcomes: ( i) reduces societal wellbeing (ii) disproportionately affects the poor But if the compass is corrected…. ©TEEB

3. TEEB Training Module Goal To have an understanding of how to value changes in the state of ecosystems and the limitations of these valuation methodologies ©TEEB

4. TEEB Training Learning Outcomes Categorise elements of ecosystem service values within a decision-making context Identify stakeholders that are affected by changes in ecosystem services brought about by the decision Assess and select the appropriate method(s) to measure these values and who can undertake valuation Identify and appraise existing estimates of these values and what adjustments are needed Recognise and address limitations of valuation and barriers to acceptance ©TEEB

5. TEEB Training Module Agenda Duration (mins)Session 20Introduction and Icebreaker 40Session 1: Analysing value: context and fundamentals 20Group Exercise 20Coffee Break 40Session 2: Valuation methods that use primary data 20Group Exercise 60Lunch 50Session 3: Benefits Transfer: borrowing values from extant studies 10 Knowledge check 60 Session 4: Criticisms of valuation 30 Group Exercise 20 Summary and Questions ©TEEB

6. TEEB Training Icebreaker A cynic is a man who knows the price of everything and the value of nothing [Oscar Wilde] 1.How dominant is valuation in your sphere of experience? 2.Is valuation something positive or a pill that needs to be swallowed? 3.Is the use of ecosystem services just a new fad? ©123rf.com ©TEEB

7. TEEB Training Key Resources for Module TEEB @ Yale –http://environment.yale.edu/TEEBhttp://environment.yale.edu/TEEB The International Society for Ecological Economics (ISEE) –http://www.isecoeco.org/http://www.isecoeco.org/ EcoServices group at Arizona State University –http://www.ecoservices.asu.edu/ecoservicesproject/people. htmlhttp://www.ecoservices.asu.edu/ecoservicesproject/people. html Ecosystem Service Partnership –http://www.fsd.nl/esphttp://www.fsd.nl/esp ©TEEB