The economic assessment of non-marketed resources (i.e., cultural heritage) can be developed with stated or revealed preference methods. Travel cost method (TCM) is based on the demand theory and assumes that the demand for a recreational site is inversely related to the travel costs that a certain visitor must face to enjoy it. Its application requires data about the tourist’s origin. This work aims to analyze the economic value of the National Museum and Research Center of Altamira, which was created to research, conserve, and broadcast the Cave of Altamira (UNESCO World Heritage Site since 1985). It includes an accurate replica known as the “Neocave”. Two different TCM approaches have been applied to obtain the demand curve of the museum, which is a powerful tool that helps to assess past and future investments. It has also provided the annual economic value estimate of the National Museum and Research Center of Altamira, which varies between 4.75 and 8.00 million € per year.

European oceans are subject to rapid development. New activities such as aquaculture and ocean energy have gained importance. This triggers interest in “multi-use platforms at sea” (MUPS), i.e., areas at sea in which different activities are combined. MUPS are complex features with regards to technology, governance, and financial, socioeconomic, and environmental aspects. To identify realistic and sustainable solutions and designs for MUPS, the MERMAID project applied a participatory design process (PDP) involving a range of stakeholders representing companies, authorities, researchers, and NGOs. This paper evaluates if and how the participatory design process contributed to the design of multi-use platforms. It is based on interviews with the managers of the case study sites and a questionnaire administered to all stakeholders participating in the PDP workshops. Analyzing the four case studies, we conclude that the participatory design process has had a valuable contribution to the development of the four different designs of MUPS, even though the preconditions for carrying out a participatory design process differed between sites. In all four cases, the process has been beneficial in generating new and shared knowledge. It brought new design issues to the table and increased knowledge and understanding among the different stakeholders.

Heritage tourism can increase incomes and stimulate the economy in former mining areas. Recreational tourism is one of the main sources of value of heritage. People from urban areas are willing to pay for access to these tourism options. The measurement of the economic impact of this availability is one of the main problems to confront, due to the immeasurable possibilities of heritage resources. The use of non-market values and their estimation by means of revealed preference methods should help to assess the economic value of this sort of resources from a recreational perspective. The travel cost method (TCM) is widely used to value areas with recreational uses, such as lakes, beaches or forests, but there are not references to previous applications of this methodology in the field of mining heritage. In this work, TCM has been applied to obtain the economic value of El Soplao Cave (Geosite UR004, Cantabria, Spain) as a recreational site, providing an estimated result of 34,961,162 euros.

In recent decades, cities have been experiencing accelerated population growth, associated with an increase in the scales of production and consumption. This fact, combined with deficient management of resources and waste, has led to the loss of biological diversity, compromising the generation of ecosystem services, with disastrous consequences for human health and well-being, but also for the economic system. In the field of civil engineering, the predominance of artificialisation and impermeabilization of cities (called “grey engineering”) is being questioned to be replaced or complemented with new types of infrastructures that represent a transformative change to achieving more sustainable cities. Through system dynamics applied to the economic modelling of the city of Santander (Spain), the aim of this study is to analyse the profitability of investment in ecosystem restoration and in both green and blue infrastructure, and of the implementation of environmental policies based on the relationships of affection established in the model, which represent the interactions between the main actors in urban dynamics. As a main conclusion, it is found that investing in green infrastructures and ecosystem restoration, and environmental policies is highly profitable: EUR 1 spent can produce up to EUR 100 as a benefit.

Cost-benefit analysis (CBA) has emerged as one of the most widely used methodologies in environmental policy analysis, with many governments applying it in their decision-making procedures and laws. However, undertaking a full CBA is expensive, and conclusions must be drawn on which project or policy impacts to include in the analysis. Based on the ideas of resilience, vulnerability and risk, we suggest a method for prioritizing project impacts for inclusion in a CBA, which includes both expert assessment and citizen preferences. We then illustrate how the method can be applied in the context of land use change decisions, using a real application.

The effects of climate change imply an increase in the risk levels due to coastal flooding. These areas present a high concentration of population and economic activity. The failure of critical infrastructures (CI) serving these communities can have significant impacts on these sectors. This study aims to analyze the risk and its future evolution due to climate change in coastal areas, considering the increased impact that the population would experience if the CI (of the energy or water and waste treatment sectors) were affected by coastal flooding. The methodology used has made it possible to analyze the risk of the Functional Urban Areas (FUA) of the European coasts, identifying the areas in which the level of risk to the population is significantly underestimated. In some of these areas and scenarios, the population affected by coastal flooding if the failure of the CI occurs would be up to 4.5 times higher than what is estimated if only their direct impact is considered.