“…There are several alternative methods for valuing ecosystem services (Richardson et al, 2015), which may be nearly categorized into two groups: a) the primary valuation methods, which observe economic principles such as market prices, production approaches, travel costs, opportunity costs, conjoint analysis, and replacement costs; and b) the land use proxy-based method, which uses the Bene t Transfer Approach by using the existing ESV data from one location to another of similar setting (Anley et The Peripheral (areas away from the center region) Beles basin is branded by the Ethiopian government as one of the tremendous opportunities for a national economic growth corridor (World Bank, 2008). Thus, in this basin, giant mega projects have been running such as the Grand Ethiopian Renaissance Dam (GERD) (Teklemariam et al, 2017) (Woldemeskel, 1989), and mechanized farms (Teklemariam et al, 2017). Subsequently, issues of socioeconomics and ecological dynamics, deforestation, severe land degradation, and con icts for land and water resource (Abebe et al, 2021;Annys et al, 2019;Nyssen et al, 2018) are become very critical..…”