New Water Ways  will host the CRC for Water Sensitive Cities (CRCWSC) IRP2 to deliver a seminar on the state of knowledge of non-market values of water sensitive systems and practices and the potential of benefit transfer.

Water sensitive systems and practices provide multiple indirect benefits such as environmental and ecological services.  However, due to a lack of information on the monetized value of these services many of these services are not considered during investment decision making.  The compilation and synthesis of existing non-market valuation estimates of the monetary value of water sensitive systems and practices, by making reference values readily available, can encourage the incorporation of indirect benefit value information in the investment decision process.

Dr Sayed Iftekhar, UWA School of Agriculture and Environment and CRC for Water Sensitive Cities, will present results from selected non-market valuation studies that have been carried out within the CRC for Water Sensitive Cities. Findings will also be presented from an extensive literature review of existing non-market valuation studies. Finally, the potential for transferring/ adjusting these non-market valuation estimates from on one location to another and from one time period to another period will be discussed.

Venue:   Department of Water and Environmental Regulation, L4 Theatrette,   168 St George's Tce, Perth

Date:   Friday 16 March 2018

Time:   12pm to 1pm

Cost:   Free, no rsvp necessary.

For more detailed information on this work, please click   here for the Industry Note,  and   here for the Milestone Report.

Contact  Shelley  Shepherd    shelley@urbaqua.org.au   or   Tammie Harold   tamara.harold@uwa.edu.au   for further  information.