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Questions and Answers
Economic Valuation Checklist focuses on Marginal ________
Cost, Benefits
Was the purpose of valuation ________ beforehand?
defined
Which ecosystem where, delivering which ________, to which beneficiary population, where?
services
What are the policy drivers of changed at the ________?
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If actual costs and benefits are not available, were benefits transfer and scaling up of value done with ________?
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Study Notes
Economic Valuation Checklist
- The checklist includes five key components: marginal, context-specific, location-specific, scenario-based, and modeled with care.
Marginal
- Focuses on marginal cost and marginal benefits, not totalities.
Context-Specific
- Ensures that the purpose of valuation was defined beforehand.
- Ensures that the valuation is used for the right policy and human context.
Location-Specific
- Specifies the ecosystem being valued.
- Defines the services delivered by the ecosystem.
- Identifies the beneficiary population.
- Specifies the location of the ecosystem.
Scenario-Based
- Identifies the policy drivers of change at the margin.
Modeled with Care
- Ensures that benefits transfer and scaling up of value are done with care when actual costs and benefits are not available.
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Description
Test your knowledge on economic valuation focusing on Marginal Cost, Marginal Benefits in a context-specific and location-specific manner. Explore questions related to defining the purpose of valuation, using valuation for the right policy, identifying ecosystems delivering services, and understanding policy drivers.
