Assessing Environmental Values and Costs

This lecture by the instructor covers the principles of assessing environmental and human impacts, as well as the values associated with natural resources. It delves into the total economic value of ecosystems, different components of value, and methods for assessing impacts and costs. The lecture also explores examples of damage function methods and the assessment of health costs due to road traffic-related air pollution. It discusses the impacts of air pollution on buildings, costs of traffic congestion, and the calculation of health effects attributable to air pollution. The presentation concludes with a comparison between fatal road accidents and air pollution-related mortality, emphasizing the importance of understanding the external costs associated with environmental degradation.