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Abstract:The complexity of quantifying ecosystem services in monetary terms has long been a challenging issue for economists and ecologists. Many case specific valuation studies have been carried out in various parts of the World. Yet, a coherent review on the valuation of coastal ecosystem services (CES), which systematically describes fundamental concepts, analyzes reported applications, and addresses the issue of climate change (CC) impacts on the monetary value of CES is still lacking. Here, we take a step towards addressing this knowledge gap by pursuing a coherent review that aims to provide policy makers and researchers in multidisciplinary teams with a summary of the state-of-the-art and a guideline on the process of economic valuation of CES and potential changes in these values due to CC impacts. The article highlights the main concepts of CES valuation studies and offers a systematic analysis of the best practices by analyzing two global scale and 30 selected local and regional case studies, in which different CES have been valued. Our analysis shows that coral reefs and mangroves are among the most frequently valued ecosystems, while sea-grass beds are the least considered ones. Currently, tourism and recreation services as well as storm protection are two of the most considered services representing higher estimated value than other CES. In terms of the valuation techniques used, avoided damage, replacement and substitute cost method as well as stated preference method are among the most commonly used valuation techniques. Following the above analysis, we propose a methodological framework that provides step-wise guidance and better insight into the linkages between climate change impacts and the monetary value of CES. This highlights two main types of CC impacts on CES: one being the climate regulation services of coastal ecosystems, and the other being the monetary value of services, which is subject to substantial uncertainty. Finally, a systematic four-step approach is proposed to effectively monetize potential CC driven variations in the value of CES.

Resilience thinking is increasingly promoted to address some of the grand challenges of the 21st century: providing water, energy, and food to all, while staying within the limits of the Earth system that is undergoing (climate) change. Concurrently, a partially overlapping body of literature on the water–energy–food (WEF) nexus has emerged through the realization that water, energy, and food systems are intricately linked—and should therefore be understood and managed in conjunction. This paper reviews recent scientific publications at the intersection of both concepts in order to i) examine the status quo on resilience thinking as it is applied in WEF nexus studies; ii) map the research landscape along major research foci and conceptualizations; iii) and propose a research agenda of topics distilled from gaps in the current research landscape. We identify key conceptualizations of both resilience and nexus framings that are used across studies, as we observe pronounced differences regarding the nexus’ nature, scope, emphasis and level of integration, and resilience’s scope, type, methodological and thematic foci. Promising research avenues include i) improving the understanding of resilience in the WEF nexus across scales, sectors, domains, and disciplines; ii) developing tools and indicators to measure and assess resilience of WEF systems; iii) bridging the implementation gap brought about by (governing) complexity; iv) integrating or reconciling resilience and nexus thinking; v) and considering other development principles and frameworks toward solving WEF challenges beside and beyond resilience, including control, efficiency, sustainability, and equity.

Climate change is globally recognized as one of the key drivers of degradation of coastal wetland ecosystems, causing considerable alteration of services provided by these habitats. Quantifying the physical impacts of climate change on these services is therefore of utmost importance. Yet, practical work in this field is fragmented and scarce in current literature, especially in developing countries which are likely to suffer most from the adverse climate change impacts. Using a coherent scenario-based approach that combines assessment of physical impacts with economic valuation techniques, here we quantify potential climate change driven losses in the value of wetland ecosystems services due to relative sea-level rise (RSLR)-induced inundation in the vulnerable Western coastal area of Bangladesh in 2100. The results show a small inundation area in 2100 under the three IPCC climate scenarios of RCP2.6 (with 0.25 m of RSLR), RCP6.0 (with 1.18 m of RSLR), and RCP8.5 (with 1.77 m of RSLR) for the coastal wetland ecosystems including the Sundarbans mangrove forest, neritic system and aquaculture ponds. In all scenarios, RSLR will drive a loss in the total value of ecosystem services such as provision of raw materials, and food provision, ranging from US$ 0-1 million to US$ 16.5-20 million, respectively. The outcomes of this study reveal that RSLR-induced inundation on its own, is unlikely to be a major threat to the wetland ecosystems in Western coast of Bangladesh. This would suggest that other climate change impacts such as coastal erosion, increase in frequency of cyclone events, and sea temperature rise might be the likely primary drivers of change in the value of wetland ecosystems services in this area.