Dr Jeremy Cheesman with Jeff Bennett from the ANU and Keysha Milenkovic from Blacktown City Council recently published a paper demonstrating how to prioritise environmental investments using the contingent valuation method (CVM).
The approach developed allows councils to obtain a clear line of sight between environmental outcomes, their cost and the value households place on the outcome. This approach is being applied across different organisations including water businesses in support of price submissions.
The paper “Prioritising environmental management investments using the Contingent Valuation Method” can be obtained through the Journal of Environmental Economics and Policy. The abstract can be read here.
For further information on valuing environmental works and its applications for business, please contact Jeremy Cheesman in our Melbourne office (03 9882 1600).