Our clients include UK public and private sector, international organisations and non-governmental organisations. In addition to the UK, we have undertaken work in other EU countries, Turkey, South Africa, Mexico, Colombia and Canada.
Policy and project appraisal
Including economic values in decision making
Policy and investment decisions are increasingly based on evidence that includes not only financial impacts but also economic values of social and environmental costs and benefits. We provide practical support to clients through the whole decision cycle including setting objectives, screening options, and identifying, quantifying and comparing the costs and benefits of action against a baseline of the current situation or business as usual.
Valuing ecosystem services
Understanding what economic value means
Understanding and measuring the economic value of ecosystem services is crucial to ensuring a healthy natural environment that continues to provide for the wellbeing of society overall and support a productive economy.
Working with Natural Capital
NEWS: Natural Capital Protocol Training.
eftec and Sustain Value announce 2-day Training Course: Getting Value from the Natural Capital Protocol, London, September 2016 NCP Training
Natural capital refers to the stock of natural assets upon which our economies and societies are built. Like other forms of capital, natural capital produces value for people in the form of ‘goods’ (e.g. timber, fish stocks, minerals) and ‘services’ (e.g. water provision, air purification, flood prevention).
As our demands on the natural world increase, so do the risks and opportunities facing supply chains, investment decisions, land use and every other aspect of business management.
Ultimately, decisions need to be made: be proactive in managing natural capital for the future, or do nothing and remain vulnerable to external forces.
The benefits of successfully managing natural capital are no different to good management of other types of capital. We can assist this process and help our clients to become as familiar with natural capital as they are with other forms of capital.
Assessing the socio economic impacts under REACH
Together with our technical partners and sector-specific specialists we provide practical support to industry and public sector clients through the entire REACH authorisation and/or restriction process.
Our REACH services benefit from our extensive experience undertaking policy and investment appraisals, socio-economic analysis (SEA) and valuing impacts on companies, human health and the environment.
Regardless of the complexity of the work, we adhere to the principles of transparency and clarity when we:
- Collect information, with clear audit trails and systems in place to protect the commercial confidentiality of data; and
- Present information and analysis to ensure all is clear to target audiences with varying levels of technical knowledge
Policy and investment design
Capturing the economic value of ecosystem services
‘Capturing’ the economic value means that economic values that we estimate are turned into actual money. This could be through policy instruments that make the polluters pay for the environmental damage they cause, such as full cost pricing, green taxes, tradeable permits and voluntary agreements. It could also be through the creation of new markets that capture the benefits (positive values) of the environment such as payments for ecosystem services, biodiversity offsets and habitat banking.
Putting environmental economics into practice
Capacity building involves both in person engagement like workshops and seminars and guidance documents we prepare for experts to use in their own time. Both cover all aspects of environmental economics: valuation of environmental resources, policy design and appraisal.