Water Sensitive Cities Australia have updated the Value Tool, and the latest version is now available.
The Value Tool gives practitioners a way of valuing the benefits of water sensitive projects that are not raded in markets, such as the environmental and social benefits. Not including these benefits in business cases and investment proposals can mean beneficial projects do not proceed.
Obtaining a monetary value for non-market benefits is complex, and ideally requires conducting a primary non-market valuation study, which can be expensive and time consuming. But if you don’t have the time or the resources to conduct a primary study, the Value Tool can provide a reasonable approximation of the non-market benefits associated with an investment.
More information, including key highlights of the current version, is available on the Water Sensitive Cities Australia website:
