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Noise valuation: Use of results in HEATCO

Noise valuation: Use of results in HEATCO. Alistair Hunt University of Bath EC HEATCO project meeting Las Palmas 19.01.06. HEATCO Project.

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Noise valuation: Use of results in HEATCO

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  1. Noise valuation: Use of results in HEATCO Alistair Hunt University of Bath EC HEATCO project meeting Las Palmas 19.01.06

  2. HEATCO Project • HEATCO's primary objective is the development of harmonised guidelines for project assessment and transport costing at EU level, with specific application to Trans-European Network (TEN) projects. • Explore scope for harmonisation of methods and values • Validate through consultation with policy makers and other relevant stakeholders

  3. Overall structure of HEATCO

  4. WP4 components • 4.1 Generic valuation issues e.g. discounting, risk & uncertainty, benefit transfer etc • 4.2 Valuation of Time losses/gains • 4.3 Valuation of Accidents • 4.4 Valuation of Environment • 4.5 Treatment of Infrastructure costs

  5. Use of Noise valuation results • Noise chosen for valuation since was most pressing gap in transport CBA work identified in WP2 & WP3 • Results feed into WP 4.1 and WP 4.4 • To test recommendations regarding benefit transfer procedures (WP 4.1) e.g. Re: income elasticities, cultural differences • to enlarge the basis of consistent European values, both in terms of geography and content (WP 4.4) (Important trend in EU policy) • Results feed into WP 6 Case studies (Currently being undertaken)

  6. WP 6 Case studies

  7. Other uses • Methodological developments • Use of noise level change to “not annoyed” level • Relates objective measure (dB(A)) to subjective value (WTP) • New national values for domestic project/policy applications

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