Cost benefit analysis of peri-urban land use policy - Plurel

Applying Economic Valuation to Peri-Urban Land
Use Scenarios: The case of Leipzig
Tim Taylor
Department of Economics
University of Bath
*corresponding author: email ecstjt@bath.ac.uk
Introduction
The application of green accounting techniques to the case of scenarios under the
PLUREL project requires the use of a variety of techniques. This paper outlines the
application of the methods in a limited way for the case of Leipzig. A range of indicators
were developed under the PLUREL project, for which a limited amount of valuation can
be applied. In this paper we evaluate first the impact of the scenarios on GDP, on carbon
storage and on green space.
The paper is structured as follows. First, the methodology is presented for GDP, carbon
storage and open space estimation and valuation. Second, results are presented for the
case of Leipzig. Finally, some conclusions are drawn as to the implications of different
indicator values.
Methodology
GDP
A document review was conducted of the scenarios constructed in M1 (see Ravetz &
Rounsevell, 2008, for a brief description) and M3 to assess the appropriate method to
estimate the GDP indicators. In some cases these were explicitly mentioned in the
briefing documents for scenario construction or statements were made about GDP growth
in M3 documentation. GDP was calculated in M1 using the NEMESIS model. The
estimates for GDP reported here were based on an interpretation of these model results or
based on interpretation of scenarios developed in M3.
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