Valuing Ecosystem Services: The Case of Multi-functional WetlandsEcosystem services can be broadly defined as the aspects of ecosystems that provide benefits to people. This book provides guidance on the valuation of ecosystem services, using the case of multifunctional wetlands to illustrate and make recommendations regarding the methods and techniques that can be applied to appraise management options. It provides a review of ecosystem service valuation rationale, including its importance from both a policy and project appraisal perspective, and a useful reference when considering policy and appraisal of ecosystem management options. It shows how legal obligations and other high-level management targets should be taken into account in valuation exercises, thus giving important policy context to the management options.The authors set out what they call an Ecosystem Services Approach to the full appraisal of the role of ecosystem services in the economy and society. Although concentrating on wetlands, the approaches suggested provide an assessment framework that can be applied to other types of ecosystem assets. |
Contents
Chapter 1 Introduction | 1 |
Chapter 2 The Ecosystem Services Approach to Natural Resource Management | 3 |
Chapter 3 Policy Appraisal Perspectives and Socioeconomic Appraisal Approaches | 19 |
Valuation of Multifunctional Wetlands | 25 |
Chapter 5 Economic Valuation of Wetland Ecosystem Services in Practice | 59 |
Case Studies | 111 |
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Common terms and phrases
aggregate agricultural alternative analysis appraisal assessment attributes Bateman behaviour benefits transfer biological biomass Broadland carbon carbon sequestration catchment characteristics coastal conservation context contingent valuation contingent valuation studies cost-benefit Costanza costs and benefits Culm Grasslands damage costs derived discount rate downstream Ecological Economics ecological services ecosystem services ecosystem services approach effects Environment Agency environmental change ESApp estimate evaluation export final services flood alleviation flood control function future Global groundwater habitat Hedonic pricing human Humber Estuary impact improved water quality inputs intertidal habitat land managed realignment measures natural natural capital non-use values nutrient retention opportunity costs option potential processes production recreational Research respondents river scenarios sea level rise sediment service outcomes Service-use services provided social socio-economic spatial species storage surface water sustainable total economic value trace elements travel cost valuation techniques welfare wetland ecosystem wetland services willingness to pay