On measuring wealth: a case study on the state of queensland

Asafu‐Adjaye, John; Brown, Richard P.; Straton, Anna

doi:10.1016/j.jenvman.2004.12.001

Cited by 12 publications

(7 citation statements)

References 11 publications

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“…As regards an overall assessment of all ES values associated with the reef: Asafu‐Adjaye et al 43 was, perhaps, the first study that sought to comprehensively value a multiplicity of services provided by the GBR. Yet, although these researchers were able to access regionally relevant data on tourism/recreation values, all other estimates of the value of ES provided by the GBR were created via benefit transfer.…”

Section: The Value Of the Gbr's Ecosystem Servicesmentioning

confidence: 99%

“…Yet, although these researchers were able to access regionally relevant data on tourism/recreation values, all other estimates of the value of ES provided by the GBR were created via benefit transfer. Indeed, Asafu‐Adjaye et al 43 did not collect any new, primary data. Consequently, their contribution to the research was not so much an addition of new knowledge, but a new assemblage of existing knowledge.…”

Section: The Value Of the Gbr's Ecosystem Servicesmentioning

confidence: 99%

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The economic value of ecosystem services in the Great Barrier Reef: our state of knowledge

Stoeckl

Hicks

Mills

et al. 2011

Annals of the New York Academy of Sciences

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This article reviews literature relating to the Great Barrier Reef (GBR) and aims to assess the current state of knowledge about (1) the "value" of ecosystem services (ES) provided by the GBR and (2) the way in which activities that are carried out in regions adjacent to the GBR affect those values. It finds that most GBR valuation studies have concentrated on a narrow range of ES (e.g., tourism and fishing) and that little is known about other ES or about the social, temporal, and spatial distribution of those services. Just as the reef provides ES to humans and to other ecosystems, so too does the reef receive a variety of ES from adjoining systems (e.g., mangroves). Yet, despite the evidence that the reef's ability to provide ES has been eroded because of recent changes to adjoining ecosystems, little is known about the value of the ES provided by adjoining systems or about the value of recent changes. These information gaps may lead to suboptimal allocations of resource use within multiple realms.

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Section: The Value Of the Gbr's Ecosystem Servicesmentioning

confidence: 99%

Section: The Value Of the Gbr's Ecosystem Servicesmentioning

confidence: 99%

The economic value of ecosystem services in the Great Barrier Reef: our state of knowledge

Stoeckl

Hicks

Mills

et al. 2011

Annals of the New York Academy of Sciences

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“…This paper will focus only on natural capital accounting, which was popularized by the effort to value the ecosystem services and natural capital on a global scale 1 . Since then, there have been numerous studies to value natural capital at a national level 120 and at the state/regional levels 121–123 . Attempting to include the value of all ecosystem services, these studies used benefit transfer of results from the empirical valuation literature.…”

Section: Esv In Practicementioning

confidence: 99%

Valuing ecosystem services

Liu¹,

Costanza²,

Färber³

et al. 2010

Annals of the New York Academy of Sciences

291

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The concept of ecosystem services has shifted our paradigm of how nature matters to human societies. Instead of viewing the preservation of nature as something for which we have to sacrifice our well-being, we now perceive the environment as natural capital, one of society's important assets. But ecosystem services are becoming increasingly scarce. In order to stop this trend, the challenge is to provoke society to acknowledge the value of natural capital. Ecosystem services valuation (ESV) is the method to tackle such a challenge. ESV is the process of assessing the contributions of ecosystem services to sustainable scale, fair distribution, and efficient allocation. It is a tool that (1) provides for comparisons of natural capital to physical and human capital in regard to their contributions to human welfare; (2) monitors the quantity and quality of natural capital over time with respect to its contribution to human welfare; and (3) provides for evaluation of projects that will affect natural capital stocks. This review covers: (1) what has been done in ESV research in the last 50 years; (2) how it has been used in ecosystem management; and (3) prospects for the future. Our survey of the literature has shown that over time, there has been movement toward a more transdisciplinary approach to ESV research which is more consistent with the nature of the problems being addressed. On the other hand, the contribution of ESV to ecosystem management has not been as significant as hoped nor as clearly defined. Conclusions drawn from the review are as follows: first, ESV researchers will have to transcend disciplinary boundaries and synthesize tools, skills, and methodologies from various disciplines; second, ESV research has to become more problem-driven rather than tool-driven because ultimately the success of ESV will be judged on how well it facilitates real-world decision making and the conservation of natural capital.

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“…Natural resources contribute to the society's well-being by providing a flow of services in the form of inputs for production (e.g., as raw materials) and goods and services for final consumption (Asafu-Adjaye et al, 2005). For example, a relevant role is played by extractive activities: they are fed by important deposits of precious materials, such as travertine and a unique yellow marble, but they often cause an impact on the territory in terms of exhaustion of resources, land consumption, pollution, landscape deterioration, etc.…”

Section: Article In Pressmentioning

confidence: 99%