The Environmental Valuation Reference Inventory (EVRI) for Water Related Benefits Transfers

by Jim Frehs,
Matthew Clark,
Paul De Civita,
Fernand Filion,
Virginia Kibler,
Mahesh Podar,



Document Type: Proceeding Paper

Part of: North American Water and Environment Congress & Destructive Water

Abstract:

Managing our water resources requires knowledge not only of flows, water chemistry and aquatic life, but also of the various uses and economic values that humans place upon the water. While economic values are necessary for effective decision making, valuation studies may require a significant amount of time, financial resources and expertise to complete. One way to minimize these constraints is to use estimates of values available from previous studies in lieu of conducting new custom research. The approach advocated in this paper is to use a benefit transfers database. To this end Environment Canada, with the support of the Environmental Protection Agency has developed the Environmental Valuation Reference Inventory (EVRI) that has systematically captured the key findings of previous economic studies in water. We describe the development of the EVRI, the findings of the initial testing of the EVRI and its applicability for water related programs in Environment Canada and the U.S. Environmental Protection Agency.

Subject Headings: Water resources | Water management | Economic factors | Inventories | Federal government | Databases | Chemical properties | Canada

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