Learning objectives: 

• Understand the theoretical framework behind ELD studies- comparing scenarios of inaction with scenarios of action in economic terms
• Be able to explain the difference between a financial and an economic (total value) cost-benefit analysis
• Have a basic understanding of the different steps of an ELD study

Contents:

• The theoretical framework behind the approach
• The difference between a financial and an economic (total value) cost-benefit analysis
• The stepwise (6+1) approach of ELD
  • Step 1: Inception
  • Step 2: Geographical characteristics
  • Step 3: Types of ecosystem services
  • Step 4: Role of ecosystem services and economic valuation
  • Step 5: Patterns and pressures
  • Step 6: Cost-benefit analysis and decision-making
  • Step 6+1: Take action- change, adapt, facilitate

Estimated duration of the lecture: 

30 minutes

Estimated time for further studies:

1-2 hours (lecture of the entire ELD Initiative: User Guide)