Valuing Ecosystem Services

Valuing Ecosystem Services

Author: National Research Council

Publisher: National Academies Press

Published: 2005-05-14

Total Pages: 291

ISBN-13: 030909318X

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Nutrient recycling, habitat for plants and animals, flood control, and water supply are among the many beneficial services provided by aquatic ecosystems. In making decisions about human activities, such as draining a wetland for a housing development, it is essential to consider both the value of the development and the value of the ecosystem services that could be lost. Despite a growing recognition of the importance of ecosystem services, their value is often overlooked in environmental decision-making. This report identifies methods for assigning economic value to ecosystem servicesâ€"even intangible onesâ€"and calls for greater collaboration between ecologists and economists in such efforts.


Approaches for Ecosystem Services Valuation for the Gulf of Mexico After the Deepwater Horizon Oil Spill

Approaches for Ecosystem Services Valuation for the Gulf of Mexico After the Deepwater Horizon Oil Spill

Author: National Research Council

Publisher: National Academies Press

Published: 2012-03-17

Total Pages: 162

ISBN-13: 0309211794

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On April 20, 2010, the Deepwater Horizon platform drilling the Macondo well in Mississippi Canyon Block 252 (DWH) exploded, killing 11 workers and injuring another 17. The DWH oil spill resulted in nearly 5 million barrels (approximately 200 million gallons) of crude oil spilling into the Gulf of Mexico (GoM). The full impacts of the spill on the GoM and the people who live and work there are unknown but expected to be considerable, and will be expressed over years to decades. In the short term, up to 80,000 square miles of the U.S. Exclusive Economic Zone (EEZ) were closed to fishing, resulting in loss of food, jobs and recreation. The DWH oil spill immediately triggered a process under the U.S. Oil Pollution Act of 1990 (OPA) to determine the extent and severity of the "injury" (defined as an observable or measurable adverse change in a natural resource or impairment of a natural resource service) to the public trust, known as the Natural Resources Damage Assessment (NRDA). The assessment, undertaken by the trustees (designated technical experts who act on behalf of the public and who are tasked with assessing the nature and extent of site-related contamination and impacts), requires: (1) quantifying the extent of damage; (2) developing, implementing, and monitoring restoration plans; and (3) seeking compensation for the costs of assessment and restoration from those deemed responsible for the injury. This interim report provides options for expanding the current effort to include the analysis of ecosystem services to help address the unprecedented scale of this spill in U.S. waters and the challenges it presents to those charged with undertaking the damage assessment.


Valuing Ecosystem Services

Valuing Ecosystem Services

Author: Stavros Georgiou

Publisher: Routledge

Published: 2012-05-04

Total Pages: 241

ISBN-13: 1136549153

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Ecosystem 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.


Author:

Publisher: DIANE Publishing

Published:

Total Pages: 99

ISBN-13: 1428908196

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Cost-Benefit Analysis of Environmental Goods by Applying Contingent Valuation Method

Cost-Benefit Analysis of Environmental Goods by Applying Contingent Valuation Method

Author: Uddin Sarwar Ahmed

Publisher: Springer Science & Business Media

Published: 2007-12-14

Total Pages: 158

ISBN-13: 443128950X

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Contingent valuation is one of the means of incorporating socio-environmental considerations in cost–benefit analysis. The authors of this book have examined environmental valuation methods through the lens of cost–benefit analysis focused on three case studies in Japan: public parks, a bay wetland, and a recreational theme park. With implications for the world at large, the findings presented here serve as a valuable source of information on Japanese behavior regarding the valuation of environmental goods. New, alternative approaches and guidelines for cost–benefit analysis in the public and private spheres also are discussed. This volume makes an important addition to the library of all researchers and other scientists in the fields of environmental science and environmental economics.