It uses the TEEB approach (stating the context, values, and purpose to be used for valuation) and valuation framework (indicating what impacts should be valued and why), known methodologies for the economic valuation of externalities, and adds forecasting methods and models for the underlying drivers of change of performance in the agri-food sector. [...] It emphasizes the importance of involving stakeholders in the development of a shared understanding of how the system functions, the root causes for the emergence of the problem, and the identification of solutions to ensure that policies are relevant, effective, and sustainable. [...] the geographic and temporal scope of the issue and/or policy question), the indicators that are important to stakeholders and policy makers, and the availability of data that can be used to measure and forecast changes to those indicators. [...] The economic value of ecosystem services, or the resulting avoided costs for public service provisioning and reconstruction, can be considered in the assessment of the economic viability of the policy and resulting investment. [...] They support (i) the identification of key indicators of social, environmental, and economic welfare and their interrelations; (ii) the framing of the analysis via the use of a systemic approach that results in a shared understanding among all participants and stakeholders; and (iii) the interpretation of quantitative model results, based on all indicators of relevance, both those that can and can.
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- Pages
- 61
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- Canada
