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Project Code [2010-SD-DS-1]
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Project title
Benefit Transfer for Irish Water
Primary Funding Agency
Environmental Protection Agency
Co-Funding Organisation(s)
n/a
Lead Organisation
National University of Ireland Galway (NUIG)
Lead Applicant
Stephen Hynes
Project Abstract
There are several econometric methodologies employed in the estimation of the economic value of public goods such as �good water quality� or �good ecological status�. These may be categorised into revealed preference and stated preference methods. The policy tool of Benefit Transfer (BT) takes the results of these methodologies in various studies to form the bedrock of practical policy analysis. Primary valuation research, while being a �first best� strategy, is also very expensive and time consuming. Thus, secondary analysis of the valuation literature is a �second best� strategy that can yield very important information in a management context. The results of this project will inform policy makers responsible for implementing the Water Framework Directive in relation to the use of BT as an alternative for Ireland in estimating �good water quality� or �good ecological status�. Within the project we will determine the most suitable BT methodology in the Irish policy context. The project will also go one step further and actually collect the estimates from the large number of water quality related valuation studies that have already been conducted right across the EU and apply them in a BT exercise to a number of water bodies in Ireland. The results from this project will include a policy document reviewing the use of the Benefit Transfer (BT) methodology for valuing water quality with recommendations in regards to the most appropriate form of BT to use in the Irish case. A paper will also be produced on the application of BT to a number of water body catchments in Ireland. A database of welfare estimates related to achieving and maintaining water quality will also be created and an article for potential peer reviewed publication in relation to the benefit transfer exercise will be prepared.
Grant Approved
�40,487.87
Research Hub
Natural Environment
Research Theme
Governance Framework and Socio-Economic Considerations in Water Management
Initial Projected Completion Date
31/10/2011