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Integrated Hydro-Economic Modelling of Catchment Science and Non-Market Valuation
RFF Academic Seminar

Presenter
Marit E. Kragt

Download the Paper (PDF)
Download the Event Presentation (PDF)

Abstract

Natural resource management (NRM) in river catchments typically involves complex decision problems that affect a wide variety of values. Efficient NRM that achieves the greatest environmental, social, and financial net benefits, necessitates assessments of the environmental impacts, costs, and benefits of investments in an integrated manner. Catchment management decision support tools are often limited in their integration of environmental processes with socio-economic systems. This presentation demonstrates an integrated assessment modelling process to assess changes in multiple systems. A Bayesian Network (BN) model was developed that integrates a process-based water quality model, ecological assessments of native riparian vegetation, estimates of management costs and non- market (intangible) values of changes in riparian vegetation. The modelling approach illustrates how information from different sources can be integrated in one framework to evaluate the environmental and economic impacts of NRM actions. A BN modelling approach explicitly accounts for the uncertainties associated with environmental systems and socio-economic welfare estimates. Some of the main challenges and lessons of this multidisciplinary, integrated research will be discussed.

Date

Thursday, July 28, 2011
12 - 1:30 p.m.

Lunch will be provided

Location
7th Floor Conference Center
1616 P St. NW
Washington, D.C. 20036

All seminars will be in the 7th Floor Conference Room at RFF, 1616 P Street NW.  Attendance is open, but involves pre-registration no later than two days prior to the event. For questions and to register to an event, please contact Daniel McDermott at McDermott@rff.org (tel. 202-328-5174). Updates to our academic seminars schedule will be posted at www.rff.org/academicseminarseries.

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