The APP was very pleased to present this webinar (via Zoom) in which representatives from the National Oceanic and Atmospheric Administration’s Office for Coastal Management (NOAA’s OCM) provided an overview of economic valuation methods and tools for port projects and for ports themselves. Some of the methods explored included benefit cost analysis, cost-effectiveness analysis, input-output analysis, and regional economic accounting. Other methods useful in valuation of resilience projects were also discussed. Special focus was paid to economic terminology and working with an economist to get what you need as well as useful data sets for valuation.
Kate Quigley is a natural resource economist with NOAA’s Office for Coastal Management. Her work focuses on valuation of coastal projects and programs. She also coordinates the collection of the Economics: National Ocean Watch (ENOW) dataset used to estimate the value of the U.S. marine economy on the national, state, and county level. Her team works to apply these methods on the local level for application to the valuation of working waterfronts and harbor and port areas.
Lauren Knapp holds a Ph.D. and postdoctoral training with 4 years of professional experience and 210+ citations on peer-reviewed publications. By training, she is an environmental economist and employs various methods from cost-benefit analysis to ecosystem services valuation and stated preference estimation. On contract to NOAA’s OCM, she helps on efforts to value marine economies, train local communities on how to use economics to inform their decision-making, capture benefit data for natural coastal infrastructure, comprehensively value U.S. coral reefs, and use economics to inform other related efforts.