Non-use Economic Values for Little-Known Aquatic Species at Risk: Comparing Choice Experiment Results from Surveys Focused on Species, Guilds, and Ecosystems

Rudd, Murray A.; Andres, Sheri; Kilfoil, Mary

doi:10.1007/s00267-016-0716-0

Cited by 19 publications

(5 citation statements)

References 43 publications

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“…Arguments in favour include practical requests for value estimates (e.g. Rudd et al, 2016), the need to demonstrate the importance of biodiversity for green economic development (e.g. Potschin et al, 2016), and the possibility of approximating of public support expressed in monetary terms and comparison with costs that can be valid in particular contexts (e.g.…”

Section: Application Of Choice Experiments To Value Biodiversitymentioning

confidence: 99%

The value of green walls to urban biodiversity

2017

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Despite increased interest in the implementation of green walls in urban areas and the recognised benefits of monetary valuation of ecosystem services, no studies have been undertaken to estimate the economic value of biodiversity they provide. The valuation of natural resources allows policy makers to justify resource allocation. Using the Southampton, UK, as a case study, this paper estimates the public's perceived value of green walls to urban biodiversity, in the form of their willingness to pay (WTP). Estimates were derived using a random parameter model that accounted for socioeconomic and attitudinal determinants of choice, using choice experiment data. Three green infrastructure policies were tested; two green wall designs ('living wall' and 'green façade') and an 'alternative green policy'; and compared against 'no green policy'. Results indicated a WTP associated with green infrastructure that increases biodiversity. Attitudinal characteristics such as knowledge of biodiversity and aesthetic opinion were significant, providing an indication of identifiable preferences between green policies and green wall designs. A higher level of utility was associated with the living wall, followed by the green façade. In both cases, the value of the green wall policies exceeds the estimated investment cost; so our results suggest that implementation would provide net economic benefits.

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Section: Application Of Choice Experiments To Value Biodiversitymentioning

confidence: 99%

The value of green walls to urban biodiversity

2017

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“…Attempts have also been made to place a dollar value on the intrinsic values of nature, using techniques such as "willingness-to-pay" surveys (Rudd et al 2016). However, the results have not been compelling.…”

Section: Economicmentioning

confidence: 99%

Biodiversity Conservation in Canada: From Theory to Practice

Schneider¹

2023

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The aim of this book is to build a bridge between conservation theory and practice. The narrative is focused specifically on Canada. This permits an integrated treatment, where conservation theory is presented in the context of the social and institutional framework responsible for its implementation. Special attention is given to topics that are the subject of debate or controversy, as they provide valuable insight into the practical aspects of conservation. The result is a comprehensive synthesis of applied biodiversity conservation, tailored to the needs of conservation students and practitioners in Canada.

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“…Although people value the existence of species and ecosystems (e.g., Richardson and Loomis , Rudd et al. ), ecologists may not be able to quantify how specific actions reduce risk to species, which is needed to enable options to be valued. Therefore, non‐monetary metrics that measure the degree to which actions promote resilience and lessen risk of system collapse may be the only quantitative approach to representing collective desires that cannot easily be represented through monetary valuation.…”

Section: Value Of Ecological Resiliencementioning

confidence: 99%

Resilience indicators support valuation of estuarine ecosystem restoration under climate change

Wainger

Secor

Gurbisz

et al. 2017

Ecosyst Health Sustain

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Economic valuation of ecological restoration most often encompasses only the most tangible ecosystem service benefits, thereby omitting many difficult‐to‐measure benefits, including those derived from enhanced reliability of ecosystem services. Because climate change is likely to impose novel ecosystem stressors, a typical approach to valuing benefits may fail to capture the contribution of ecosystem resilience to sustaining long‐term benefits. Unfortunately, we generally lack predictive probabilistic models that would enable measurement and valuation of resilience. Therefore, alternative measures are needed to complement monetary values and broaden understanding of restoration benefits. We use a case study of Chesapeake Bay restoration (total maximum daily load) to show that ecosystem service benefits that are typically monetized leave critical information gaps. To address these gaps, we review evidence for ecosystem services that can be quantified or described, including changes in harmful algal bloom risks. We further propose two integrative indicators of estuarine resilience—the extent of submerged aquatic vegetation and spatial distribution of fish. Submerged aquatic vegetation extent is indicative of qualities of ecosystems that promote positive feedbacks to water quality. Broadly distributed fish populations reduce risk by promoting diverse responses to spatially heterogeneous stresses. Our synthesis and new analyses for the Chesapeake Bay suggest that resilience metrics improve understanding of restoration benefits by demonstrating how nutrient and sediment load reductions will alleviate multiple sources of stress, thereby enhancing the system's capacity to absorb or adapt to extreme events or novel stresses.

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Non-use Economic Values for Little-Known Aquatic Species at Risk: Comparing Choice Experiment Results from Surveys Focused on Species, Guilds, and Ecosystems

Cited by 19 publications

References 43 publications

The value of green walls to urban biodiversity

The value of green walls to urban biodiversity

Biodiversity Conservation in Canada: From Theory to Practice

Resilience indicators support valuation of estuarine ecosystem restoration under climate change

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