Integrating non-monetary and monetary valuation methods – SoftGIS and hedonic pricing

Czembrowski, Piotr; Kronenberg, Jakub; Czepkiewicz, Michał

doi:10.1016/j.ecolecon.2016.07.004

Cited by 52 publications

(30 citation statements)

References 54 publications

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“…Yet, benefits such as food and water security, carbon sequestration and space for recreation, whether locally or beyond the immediate area of implementation [110], are rarely accounted for. This may be because they are difficult to monetize, or there is high uncertainty about non-market value [111,112].…”

Section: (A) Difficulties In Measuring Effectivenessmentioning

confidence: 99%

Understanding the value and limits of nature-based solutions to climate change and other global challenges

Seddon

Chausson

Berry

et al. 2020

Phil. Trans. R. Soc. B

1,026

583

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There is growing awareness that ‘nature-based solutions' (NbS) can help to protect us from climate change impacts while slowing further warming, supporting biodiversity and securing ecosystem services. However, the potential of NbS to provide the intended benefits has not been rigorously assessed. There are concerns over their reliability and cost-effectiveness compared to engineered alternatives, and their resilience to climate change. Trade-offs can arise if climate mitigation policy encourages NbS with low biodiversity value, such as afforestation with non-native monocultures. This can result in maladaptation, especially in a rapidly changing world where biodiversity-based resilience and multi-functional landscapes are key. Here, we highlight the rise of NbS in climate policy—focusing on their potential for climate change adaptation as well as mitigation—and discuss barriers to their evidence-based implementation. We outline the major financial and governance challenges to implementing NbS at scale, highlighting avenues for further research. As climate policy turns increasingly towards greenhouse gas removal approaches such as afforestation, we stress the urgent need for natural and social scientists to engage with policy makers. They must ensure that NbS can achieve their potential to tackle both the climate and biodiversity crisis while also contributing to sustainable development. This will require systemic change in the way we conduct research and run our institutions. This article is part of the theme issue ‘Climate change and ecosystems: threats, opportunities and solutions’.

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Section: (A) Difficulties In Measuring Effectivenessmentioning

confidence: 99%

Understanding the value and limits of nature-based solutions to climate change and other global challenges

Seddon

Chausson

Berry

et al. 2020

Phil. Trans. R. Soc. B

1,026

583

View full text Add to dashboard Cite

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“…Therefore, it is very difficult to realize and determine the real value of each service (D'Amato et al, 2016). Scientific research has been addressed CES assessment indicators and their evaluation methods (Czembrowski et al, 2016). Furthermore, different methods and indicators have been used to assess and map CES (D'Amato et al, 2016).…”

Section: Introductionmentioning

confidence: 99%

RETRACTED: Mapping Indicators of Cultural Ecosystem Services: Review and Relevance to Urban Context

Abualhagag

Valánszki

2020

Journal of Landscape Ecology

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Over decades human well-being has recognized from ecosystems, not only through material goods but also through nonmaterial assets namely cultural ecosystem services (CES). Regardless of increasing Ecosystem Services (ES) research over the last decade, cultural services assessment still remains neglected and is mainly limited to marketable services such as recreation and ecotourism. Obvious challenges in standardizing definitions and measurement units have brought about numerous difficulties in accounting cultural services and specific related indicators in decision-making processes. In that regard, the current review intends to create a reference list of CES categories and related measurement units with commonly used indicators. To put it another way, we analysis 80 publications to identify the most common CES indicators using in mapping various categories of CES approaches. Results prove that there are various methods can be used in assessing CES categories, whereas we found 57 indicators can be used for that and most of these indicators can be utilized in urban planning context as spatial indicators. Moreover, it is obvious that almost the same indicators can be used in evaluating most CES categories. For instance, in case of recreation and tourism indicators almost 50 % of all collected indicators can be used for mapping it, on the contrary, in case of spiritual and religious values. In conclusion, while there are various mapping methods of CES and different indicators, most of CES categories have relatively ignored by the planner and decision-makers such as education and inspirational values. Therefore, we recommend the use of the collected indicators and relevant measurement units in assessing neglected values in future research.

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“…We propose an alternative approach–valuing multifunctionality with the use of hedonic pricing, a method based on revealed preferences observed primarily in the real estate market. Our approach builds on the recent applications of hedonic pricing to study the different characteristics of environmental amenities, captured by the use of non-monetary valuation methods such as participatory GIS (the method of capturing spatially explicit opinions, experiences and values expressed by respondents in the so-called geo-questionnaires) [9,10]. If designed properly and with sufficient data on green spaces and their characteristics, we argue that hedonic pricing can provide a powerful analytical lens.…”

Section: Introductionmentioning

confidence: 99%

Valuing individual characteristics and the multifunctionality of urban green spaces: The integration of sociotope mapping and hedonic pricing

et al. 2019

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We categorize Stockholm’s urban green spaces according to the use values and social meanings they support, based on a sociotope mapping, and estimate their impact on property prices with a hedonic pricing model. The approach allows us to identify the most and least desired green space characteristics (attributes) and to assess the willingness to pay for the multifunctionality of green spaces. To do this, we test the following hypotheses, each with a separate hedonic pricing model: the proximity of all green space characteristics increases the property prices, but the specific monetary value of these characteristics differs; the multifunctionality of green spaces is well recognized and highly valued by real estate buyers. We find partial support for the first hypothesis: the green space attributes of “aesthetics”, “social activity” and “nature” seem to be desired by real estate buyers, whereas “physical activity” and “play” seem not to be desired. We also find support for the second hypothesis: the higher the number of characteristics an urban green space has, the stronger its impact on property prices. This study furthers the discussion on the economic value of urban green spaces by assigning monetary value to their perceived character and use values. In doing so, it highlights the need to understand green spaces both as ecological features and social constructs.

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Integrating non-monetary and monetary valuation methods – SoftGIS and hedonic pricing

Cited by 52 publications

References 54 publications

Understanding the value and limits of nature-based solutions to climate change and other global challenges

Understanding the value and limits of nature-based solutions to climate change and other global challenges

RETRACTED: Mapping Indicators of Cultural Ecosystem Services: Review and Relevance to Urban Context

Valuing individual characteristics and the multifunctionality of urban green spaces: The integration of sociotope mapping and hedonic pricing

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