Valuation in Practice 
 
Developing consistent approaches - and a roadmap to get there


 

Date:Tuesday 4 December 2018

Time: 9.30am - 4.00pm

Location: CIWEM, 106-109 Saffron Hill, Farringdon, London EC1N 8QS 

Map of venue: https://www.ciwem-venue.com/local-area/

Book onlinhere

Download the programme here 

Event Description

"Economic valuation is a way to understand how much something is worth to particular people or to society as a whole."  (Valuing Nature Programme, Demystifying Economic Valuation, 2016) 

Although not without controversy, economic valuation is now widely used in appraisal and investment planning to help inform decisions, particularly those involving social and environmental impacts. There is now a wealth of guidance, tools, protocols and other support available to help practitioners.

Yet valuation is context specific and approaches differ, in terms of drivers, benefits considered, appraisal frameworks adopted, metrics applied and how quantitative evidence and monetary values are used. Whilst the results of valuation can be expected to vary spatially, over time and depending on the context, this complex landscape makes it difficult for practitioners to know how best to approach valuation, potentially reducing confidence in the process and undermining legitimacy.

The aim of the event is to identify how best practice approaches and evidence in economic valuation can be mainstreamed and applied more consistently by practitioners.

The objectives are to

 

  1. Provide an overview of the existing evidence base, and recent and ongoing work to improve the valuation landscape.
  2. Clarify the different valuation approaches and range of evidence, their pros and cons and how they can be applied in different contexts.
  3. Identify how we can increase confidence in economic valuation, so it can be used more often and more widely.
  4. Set out the principles and steps needed for more consistent approaches and evidence that are pragmatic, understandable and applicable by non-specialists. 

Speakers

Speakers include leading experts and practitioners from eftec, Defra, the Environment Agency, Yorkshire Water, the University of Oxford and others. There will also be plenty of time for questions, discussion and networking.

 

Target audience

The event is aimed at those developing, applying or using valuation approaches, tools and evidence at strategic, programme or scheme level. It will be of interest to researchers and practitioners in the public, private and third sectors that are working on or need to apply valuation.

The draft agenda is as follows.

 

9.00 - 10.00        Arrival and registration

10.00 - 10.10     Welcome and introduction

 

SESSION 1 - WHERE IS VALUATION NOW AND WHERE IS IT GOING?

Chaired by Dr Jonathan Fisher

10.10 - 10.30     The valuation landscape - an overview

                                Ece Ozdemiroglu, Director, eftec

10.30 - 10.50     What can government provide?

                                Colin Smith, Economist, Defra

10.50 - 11.10     Developing and using best practice

                                Claire Johnstone, Economist, Environment Agency

11.10 - 11.45     Questions and facilitated discussion

 

11.45 - 12.30     Lunch

 

SESSION 2 - HOW CAN VALUATION BE USED MORE OFTEN AND MORE WIDELY?

Chaired by TBC

12.30 - 13.00     Three perspectives

1.       The use of valuation in a capitals approach

Gordon Rogers, Head of Sustainability, Yorkshire Water

2.       Using valuation in natural capital assessments

Jim Rouquette, Director, Natural Capital Solutions

3.       TBC

 

13.00 - 13.30     Workshop session - What do users need?

·         What stops you using economic valuation more often / widely?

·         What needs to happen for you to trust economic values more?

·         Where are the evidence gaps?

13.30 - 14.00     Feedback and facilitated discussion

 

14.00 - 14.45     Break

 

SESSION 3 - HOW IS VALUATION BEING APPLIED AND HOW CAN IT BE IMPROVED?

Chaired by TBC

14.45 - 15.05     What valuation tools are available and what do they do?

Alison Smith, University of Oxford

15.05 - 15.25     Revaluing Parks and Green Spaces

                                Alison McCann, Policy Manager, Fields in Trust

Dr Ricky Lawton, Head of Research, Jump Simetrica

15.25 - 15.50     Questions and facilitated discussion

15.50 - 16.00     What needs to happen next?

Dr Bruce Horton, Director, Environmental Policy Consulting

16.00                     Close

 


Booking

Conference fee: £175 + VAT £35.00 = £210.00
Concession rate*: £150 + VAT £30.00 = £180.00
Full time postgraduate students: £75 + VAT £15.00 = £90.00

The fee includes refreshments and food and all documentation including conference delegate notes.  Delegates with special dietary requirements or other needs should make this clear upon booking.

Book your place here

*Our aim is to make the conferences as inclusive as possible. The concession rate applies to individuals and organisations that work from limited budgets in the academic, NGO and charity sectors.

For enquiries, please email info@envpolconsulting.co.uk