Question 4 (8 marks - recommended word limit: 600 words): This section comprises two parts: Q4a) Using the literature review in Question 3, suggest one specific technique which may best be applied to valuate (specific) environmental or social impacts of The Project into monetary benefits or costs. In answering this question, you need to specify the type of impacts and justify why this proposed technique are the most appropriate non-market evaluation techniques for The Project. Q4b) For the technique answered in Q4a, conceptually describe how it would be applied to The Project, what data you would need to collect, what methods of collecting data are most appropriate, and what assumptions we need to make in extrapolating the estimate in the case of a survey on a sub-set of population being suggested. In responding to this part, you should clearly demonstrate evidence of a wider literature review and use case studies to strengthen your argument.

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