The valuation of externalities in maritime infrastructure projects
Climate change and increasing environmental damage are demonstrating the urgency of transformation to a sustainable global economic model. The implementation of the sustainable development concept tends to narrow to integrating environmental, social, and economic concerns in the decision making. In economics, the definition of such concerns is an externality that represents the divergence between social and private costs. This study investigates the available sustainable asset valuation methods that can include the externalities materialised in maritime infrastructure projects and compares them based on economic, social and environmental criteria.
Register now for the Course ‘Dredging for Sustainable Infrastructure’
Following on from the success of previous courses Dredging for Sustainable Infrastructure, CEDA and IADC have decided to schedule another one in December 2021.
IADC, CEDA and Vital Ports present report Financing of Sustainable Marine and Freshwater Infrastructure
New: report "Financing of Sustainable Marine and Freshwater Infrastructure". How private capital can accelerate the green transition in marine and freshwater infrastructure
Applying the ecosystem services concept in marine projects
A full consideration of ecosystem services (ES) impacts, interactions and improvements can result in more sustainable and adaptive solutions for dredging and marine construction projects. Furthermore, the benefits can be translated in monetary terms, providing returns on investment and highlighting the links between ecology and economy. For some however, the ES concept is too theoretical. This article seeks to show how the ES concept can actively be applied at any point during a project and the benefits of doing so. Its purpose is to provide a framework for integrated and interdisciplinary thinking throughout the different steps of the project cycle.
Webinar: The Importance of Sustainability in Dredging!
16 June: Join us for the webinar The importance of sustainability in dredging!
IADC supports Building with Nature project with donation to help rebuilding villages in Indonesia after a large tidal flood
IADC supports Building with Nature project with donation to help rebuilding villages in Indonesia after a large tidal flood
The Smartsediment tool: a QGIS plug-in for evaluating ecosystems services
Managing sediments, especially from dredging, is important for the management of estuaries and coastal areas. When implemented in the right way, a sediment management strategy can be qualified as a nature-based solution as it uses the physical processes of erosion and sedimentation to create added value. There is a need for an evaluation of sediment strategies and the habitats that are created for a wider range of objectives than only biodiversity and nature conservation. The concept of ecosystem services provides this broader framework.