Economic valuation of green and blue nature in cities: A meta-analysis

Bočkarjova, M.; Botzen, Wouter; Koetse, Mark J.

doi:10.1016/j.ecolecon.2019.106480

Cited by 47 publications

(24 citation statements)

References 70 publications

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“…While these approaches generally focus on green technologies [28,29], many studies focus on adaptation strategies, such as coastal adaptation policies facing sea-level rise [76,77]. Very recently studies focused on stated preferences started analysing WTP for the adoption of nature-based solutions [30]. In addition, in the past decades a wide range of studies have analysed the determinants of WTP to reduce climate change risk.…”

Section: The Willingness To Pay For Insurance Against Disasters Resulting From Climate Changementioning

confidence: 99%

The future protection from the climate change-related hazards and the willingness to pay for home insurance in the coastal wetlands of West Sardinia, Italy

Ivčević

Statzu²,

Satta³

et al. 2021

International Journal of Disaster Risk Reduction

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Wetlands are severely endangered ecosystems worldwide. They provide important services, like water supply, recreation opportunities, flood and climate regulation. Still, they are also considered as disruptive areas, a source of mosquitoes and diseases, which is why they are frequently destroyed by changes in land use. Their degradation is likely to advance from this time forth due to climate change processes. It is, therefore, important to examine how the local population understands the importance of wetlands in coping with different coastal risks in West Sardinia. Our study is focused on West Sardinia (municipalities Cabras, Oristano and Arborea), counting for remarkable biodiversity of wetlands. This area is characterized by high environmental and agricultural pressures which intensify the vulnerability of the coastal areas. To test for local population's preparedness to change, data collection was performed through field methods and questionnaires. The study was undertaken by asking key questions on the role of wetlands and willingness to pay to protect from future events (contingent valuation exercise). The results indicate that the locals do not seem to be aware of the regulating services provided by wetlands, but are willing to invest in order to mitigate climate change-related hazards. The obtained results could serve in future governance frameworks for the mitigation of natural hazards in the Mediterranean region and wider.

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Section: The Willingness To Pay For Insurance Against Disasters Resulting From Climate Changementioning

confidence: 99%

The future protection from the climate change-related hazards and the willingness to pay for home insurance in the coastal wetlands of West Sardinia, Italy

Ivčević

Statzu²,

Satta³

et al. 2021

International Journal of Disaster Risk Reduction

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“…Source: Primary data output after processing, 2020; (Darsam, 2020) This is in line with the findings of previous studies that the various potentials contained in the lake are not only limited to social potential. However, it also has a direct economic impact on the surrounding community, both from the fisheries sector, agriculture, creative micro-enterprises and various other potentials (Bockarjova et al, 2020;Faccioni et al, 2019;Johnson et al, 2021;Kirk, 2019;Maher et al, 2021;Matthew et al, 2019;Pakalniete et al, 2021;Pisani et al, 2021;Saleh et al, 2020;Sena et al, 2020).…”

Section: Total Direct Benefit Of Tempe Lakementioning

confidence: 99%

Economic Valuation of Lake Tempe Area Resources in Wajo Regency; A Socio-Economic and Ecological Approach

Belana¹

2021

Ecc

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So far, there have been no economic valuation studies to ecological studies that reveal the potential of the Tempe Lake area, so that policy makers have not been able to manage and use the Tempe Lake Area, at the most effective and efficient level, and able to distribute the benefits and costs of conservation fairly. The novelty of this research is trying to do an economic valuation, which is paralleled with an ecological study of the existence of Lake Tempe. This study aims to identify the ecological functions of Lake Tempe that give rise to various economic and non-economic benefits for the community around Lake Tempe, as well as to determine the amount of Total Economic Value (NET) of Lake Tempe. The data were analyzed by adding up the value of direct benefits, value of indirect benefits, value of choice benefits, value of existence benefits and value of inheritance benefits in the Tempe Lake area. This research data was collected through surveys and interviews with stakeholders who have a reciprocal relationship with the Tempe Lake area in Wajo Regency. The results showed that the total economic value obtained for the Tempe Lake area was Rp. 5,742,249,708,120,- per year with the largest contribution coming from the direct benefit value of Rp. 4,571,395,793,250,- per year or 78.7%. The implication of the research is the need for cross-sectoral joint coordination from various levels of government, to encourage the rehabilitation of forest areas around the Walennae and Bila watersheds. Dredging of Lake Tempe is urgently needed to cope with the annual flooding due to overflow of water. In addition, to increase the utilization of Lake Tempe, a more massive synergy between stakeholders is needed, to develop other untapped potential of the Lake Tempe area.Keywords: Valuation; Resource Economics; Ecology

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“…In-depth attempts are being undertaken to express nature's value, both in monetary and non-monetary terms [13][14][15]. However, there remains a significant gap between articulating the value of nature and finding stakeholders who are actually willing to pay for nature-in particular, in the private sector.…”

Section: Introductionmentioning

confidence: 99%

State of the Art and Latest Advances in Exploring Business Models for Nature-Based Solutions

et al. 2021

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Nature-based solutions (NBS) offer multiple solutions to urban challenges simultaneously, but realising funding for NBS remains a challenge. When the concept of NBS for societal challenges was first defined by the EC in 2017, financing was recognised as one of the major challenges to its mainstreaming. The complexity of NBS finance has its origin in the multiple benefits/stakeholders involved, which obscures the argument for both public and private sector investment. Since 2017, subsequent waves of EU research- and innovation-funded projects have substantially contributed to the knowledge base of funding and business models for NBS, particularly in the urban context. Collaborating and sharing knowledge through an EU Task Force, this first set of EU projects laid important knowledge foundations, reviewing existing literature, and compiling empirical evidence of different financing approaches and the business models that underpinned them. The second set of EU innovation actions advanced this knowledge base, developing and testing new implementation models, business model tools, and approaches. This paper presents the findings of these projects from a business model perspective to improve our understanding of the value propositions of NBS to support their mainstreaming.

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Economic valuation of green and blue nature in cities: A meta-analysis

Cited by 47 publications

References 70 publications

The future protection from the climate change-related hazards and the willingness to pay for home insurance in the coastal wetlands of West Sardinia, Italy

The future protection from the climate change-related hazards and the willingness to pay for home insurance in the coastal wetlands of West Sardinia, Italy

Economic Valuation of Lake Tempe Area Resources in Wajo Regency; A Socio-Economic and Ecological Approach

State of the Art and Latest Advances in Exploring Business Models for Nature-Based Solutions

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