Economic valuation of ecosystem goods and services: a review for decision makers

Tinch, Rob; Beaumont, Nicola; Sunderland, Tim; Özdemiroğlu, Ece; Barton, David N.; Bowe, Colm; Bӧrger, Tobias; Burgess, Paul J.; Cooper, Canon Nigel; Faccioli, Michela; Failler, Pierre; Gkolemi, Ioanna; Kumar, Ritesh; Longo, Alberto; McVittie, Alistair; Morris, Joe; Park, Jacob; Ravenscroft, Neil; Schaafsma, Marije; Vause, James; Ziv, Guy

doi:10.1080/21606544.2019.1623083

Cited by 54 publications

(22 citation statements)

References 137 publications

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“…Uncovering the perceptions of cultural ESs by the different actors needs participatory approaches, as consultative methods (e.g., questionnaire) or group-based methods (focus groups) [51]. Furthermore, the economic valuation of the ESs, although subject to debate and criticism [56], is of growing interest to analyze the individuals' perception of cultural ESs [28]. The choice experiment or contingent valuation are for example common methods [2,30,31,57].…”

Section: Discussionmentioning

confidence: 99%

Tourists and Local Stakeholders’ Perception of Ecosystem Services Provided by Summer Farms in the Eastern Italian Alps

Pachoud

Ramanzin

et al. 2020

Sustainability

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In the Alps, summer farms are temporary units, where cattle are moved during summer to graze on Alpine pastures, which provide multiple ecosystem services (ESs), many of which do not have a market value. This study aimed at understanding and comparing the perceptions of summer farms and of the associated ESs by local stakeholders and tourists in a study area of the province of Trento in the eastern Italian Alps. Thirty-five online questionnaires and two focus groups were realized with local stakeholders involved in the dairy value-chain. Semi-structured interviews were conducted with 405 tourists in two representative summer farms. The perceptions of summer farms differed between local stakeholders, who mainly focused on provisioning ESs, and tourists, who mainly focused on cultural and regulating ESs. Both categories of actors rated positively eight different ESs associated with summer farms, but demonstrated a lack of knowledge of specific regulating ESs. This study showed that discussion among the different actors is required to increase mutual knowledge and to grasp the diversity of links between summer farms and ESs, in order to support public policies and private initiatives for promoting summer farm products and the sustainable development of mountain regions.

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Section: Discussionmentioning

confidence: 99%

Tourists and Local Stakeholders’ Perception of Ecosystem Services Provided by Summer Farms in the Eastern Italian Alps

Pachoud

Ramanzin

et al. 2020

Sustainability

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“…These efforts have complemented scholarly debates concerning how to recognise the importance of different kinds of values in decision-making (for an overview, see: Arias-Arévalo et al 2017). The division of instrumental benefits of the environment into use and non-use (or passive-use) values is well-established (Arrow et al 1993;Carson et al 2001;Tinch et al 2019). In parallel, philosophical arguments have been made about the structure of the worth of nature in-and for itself, building on the long tradition of studying intrinsic values in environmental ethics (Rolston 1988;Callicott 1992;O'Neill 1992;Muraca 2011;Davidson 2013;Batavia and Nelson 2017;Piccolo 2017;O'Connor and Kenter 2019).…”

Section: Theoretical Traditions In Social Values For Sustainabilitymentioning

confidence: 99%

Editorial overview: theoretical traditions in social values for sustainability

et al. 2019

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This special feature provides an impression of the plurality of social values for sustainability, taking into account theoretical traditions within mainstream and heterodox economics; positive, social and environmental psychology; human geography; anthropology; sociology; religious and indigenous studies and business management. Papers in this issue respond to questions of: how do we conceptualise social values; how do we integrate or share social values; what are processes for learning about and mechanisms for forming and changing social values; and what are the associations between social values and behaviour or well-being? Consistent with post-normal science, we suggest that there is no one correct way of conceptualising, assessing, integrating or activating social values for sustainability. We present five arguments: (1) the plurality of social values can be conceptualised along many different dimensions, with reference to value, epistemic and procedural lenses; (2) values are nested in different hierarchies, resulting in the potential for different forms of value articulations and pathways of value expression; (3) not all social values are pre-formed and readily drawn upon, instead needing pathways of deliberation or intervention to be activated; (4) social values may change through different processes or pathways of intervention, and; (5) power matters in the formation and assessment of social values. We discuss the tensions that arise when attempting to integrate different perspectives and introduce the notion of 'navigation' to begin to address these tensions. Navigation requires scholars to adopt a more critical and reflexive approach to value enquiry than is currently espoused in sustainability science and practice.

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“…The recent use of natural capital (NC) and natural capital accounting methodology in UK government environment plans (see Curnow, 2019) has shown the potential applications of the NC approach in environmental project and policy appraisal, and regulation, including water and asset management planning by water companies. The applicability of this methodology to valuing ecosystem services has been reviewed by Tinch et al (2019); whilst Davis et al (2019) demonstrated the use of this methodology to appraise the value of improvements to water quality needed to establish new salt marshes as a means of realigning coastal sea defences. Some water companies are adopting an ecosystem resilience and natural capital approach to managing their water catchment areas, as a way of improving water supply and water quality delivery (see United Utilities Water 2018), including reducing discolouration, reducing water pollutants, and improving waste water discharges into the environment.…”

Section: Methodological Investigationsmentioning

confidence: 99%

Research on customers’ willingness-to-pay for service changes in UK water company price reviews 1994–2019

Willis

Sheldon

2021

Journal of Environmental Economics and Policy

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Water companies are regional monopolies in the UK, and subject to quinquennial price reviews to ensure customers receive value for money. This paper documents the application and evolution of stated preference methodology in the quinquennial price review research. Stated preference methods are used to assess customers' preferences for changes to water supply, waste-water, and environmental services; and customers' willingness-to-pay, or willingness-to-accept, water bill amounts for changes to these service levels. Recently revealed preference methods have been given more prominence in estimating values for some water services. The application of stated preference, and revealed preference, has seen continued attempts, in successive price reviews, to improve the accuracy and reliability of values for water services, as an input into the cost-benefit analysis of water projects, and water company business plans.

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Economic valuation of ecosystem goods and services: a review for decision makers

Abstract: This is a repository copy of Economic valuation of ecosystem goods and services: a review for decision makers.

Cited by 54 publications

References 137 publications

Tourists and Local Stakeholders’ Perception of Ecosystem Services Provided by Summer Farms in the Eastern Italian Alps

Tourists and Local Stakeholders’ Perception of Ecosystem Services Provided by Summer Farms in the Eastern Italian Alps

Editorial overview: theoretical traditions in social values for sustainability

Research on customers’ willingness-to-pay for service changes in UK water company price reviews 1994–2019

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