Communicating research on the economic valuation of coastal and marine ecosystem services

Figuerola, Catalina M. Torres; Hanley, Nick

doi:10.1016/j.marpol.2016.10.017

Cited by 51 publications

(43 citation statements)

References 102 publications

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“…Whilst using benefits transfer can provide an initial indicative figure for losses in the coastal zone, there is a limited range of valuation studies which hamper the quality of benefits transfer. Instead, there are calls for more primary, high-quality valuation studies which in turn will improve the applicability of benefits transfer for valuation in the coastal zone (Torres and Hanley, 2017).…”

Section: Introductionmentioning

confidence: 99%

Valuing a managed realignment scheme: What are the drivers of public willingness to pay?

Needham

Hanley

2019

Ocean & Coastal Management

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Offering several advantages over traditional "hold the line" flood defences, including increases in the supply of ecosystem services such as carbon sequestration and habitat provision, managed realignment is increasingly being used as a flood defence option. This paper seeks to add to the growing literature on public perceptions of the benefits of managed realignment by examining local resident's knowledge of estuarine management issues and identifying their willingness to pay towards a new managed realignment scheme on the Tay Estuary, Scotland. Results showed that the majority of respondents were not aware of flood risk issues on the estuary or of different flood defence options. Household mean willingness to pay for a specific managed realignment scheme was calculated at £43 per annum. Significant drivers of willingness to pay included respondents perceived flood risk and worries about the state of existing flood defences. There was also spatial heterogeneity with those living closest to the scheme being willing to pay the most. Prior knowledge of flood risk issues were found not to significantly influence willingness to pay.

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Section: Introductionmentioning

confidence: 99%

Valuing a managed realignment scheme: What are the drivers of public willingness to pay?

Needham

Hanley

2019

Ocean & Coastal Management

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“…Regulating and supporting services are more obscure and typically require nonuse valuation methods. Most studies lacked a comprehensive approach to capture both use and nonuse values, although some recent research has integrated valuation for a broader array of CME services [18]. In addition, these studies rarely take into consideration the impacts that regulation and management may have on the value of interconnected provisioning and supporting ecosystem services [83].…”

Section: Discussionmentioning

confidence: 99%

“…More recent reviews of the literature on CME valuation [18,38] show that research has continued moving in a similar direction, and thus the problems highlighted previously are still a primary concern. Torres and Hanley's [18] global review found a total of 196 studies published on CME services valuation between 2000 and 2015. The most studied CME during this period was beaches, with 40 papers published.…”

Section: Current Status Of Coastal and Marine Ecosystem (Cme) Valuationmentioning

confidence: 97%

“…Conversely, the least studied CME was the deep ocean, with only two papers published during this period. Most studies lacked a comprehensive approach to capture both use and nonuse values, although some recent research has integrated valuation for a broader array of CME services using stated choice valuation methods [18].…”

Section: Current Status Of Coastal and Marine Ecosystem (Cme) Valuationmentioning

confidence: 99%

“…Economic valuation is increasingly recognized as a necessary component of CME evaluation and policy analysis because it provides a commensurate metric to compare different ecosystem services and tradeoffs between these services and other economic activities that may impact CMEs [8]. In the past two decades, there has been an increase in the number of studies and journal articles designed to measure the economic value of CMEs, although there are significantly fewer published coastal and marine articles than for terrestrial ecosystems [18,19]. Access to the results of these studies is now available through online databases such as the National Ocean Economics Program/Middlebury Institute of International Studies at Monterey, Economics of Ecosystems and Biodiversity, Environmental Valuation Reference Inventory, and the Gulf of Mexico Ecosystem Services Valuation Database.…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

The Elusive Quest for Valuation of Coastal and Marine Ecosystem Services

Milon

Álvarez

2019

Water

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Coastal and marine ecosystem (CME) services provide benefits to people through direct goods and services that may be harvested or enjoyed in situ and indirect services that regulate and support biological and geophysical processes now and in the future. In the past two decades, there has been an increase in the number of studies and journal articles designed to measure the economic value of the world’s CME services, although there is significantly less published research than for terrestrial ecosystems. This article provides a review of the literature on valuation of CME services along with a discussion of the theoretical and practical challenges that must be overcome to utilize valuation results in CME policy and planning at local, regional, and global scales. The review reveals that significant gaps exist in research and understanding of the broad range of CME services and their economic values. It also raises questions about the validity of aggregating ecosystem services as independent components to determine the value of a biome when there is little understanding of the relationships and feedbacks between ecosystems and the services they produce. Finally, the review indicates that economic valuation of CME services has had a negligible impact on the policy process in four main regions around the world. An alternative direction for CME services research would focus on valuing the world’s CME services in a wealth accounting framework.

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Achieving Excellence in Sustainable Development Goals in Sunway University Malaysia

Woo

Koh

Teh

2019

World Sustainability Series

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Communicating research on the economic valuation of coastal and marine ecosystem services

Cited by 51 publications

References 102 publications

Valuing a managed realignment scheme: What are the drivers of public willingness to pay?

Valuing a managed realignment scheme: What are the drivers of public willingness to pay?

The Elusive Quest for Valuation of Coastal and Marine Ecosystem Services

Achieving Excellence in Sustainable Development Goals in Sunway University Malaysia

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