FD2018 - Developing flood and coastal erosion risk management appraisal (Testing the Sugden Approach)

Theme:Strategy and Policy Development
Project status:Completed
Start date:26/09/2005
End date:29/09/2006
Keywords:
  • Flood and Coastal Defence,
  • Flood Defence,
  • Land,
  • Policy Development,
  • Environmental Protection
Contractor:
  • Risk Solutions
Contact:

PROJECT CLOSING STATEMENT


The project has produced an appropriate table of monetised costs and benefits and a consistent Appraisal Summary Table that would bring together the material for a final multi-criteria analysis. A number of templates have been developed and tested for use in appraisal, and suggestions made for improvements to appraisal methods.

SUMMARY OBJECTIVE


The aim of the project is to develop an appraisal framework for flood and coastal erosion risk management t that provides greater transparency in establishing the costs and benefits of investment options. The project will explore the merits and drawbacks of moving from a methodology of Social Cost Benefit (SCB) to that of Willingness to Pay (WTP). The WTP approach differs from SCB in that it measures the net welfare change brought about by the project under consideration for each individual interest group, and it leads naturally to a presentation of results which makes clear how a project

KEY

CUSTOMER PURPOSE


The project will explore the merits and drawbacks of moving from a methodology of Social Cost Benefit (SCB) to that of Willingness to Pay (WTP). Specific work areas include assessing the implications of the WTP approach on status quo arrangements, development of methodologies and testing these through case studies, gap analysis to aid a wider review of the implications for Defra policy and resources, and final reporting.