Issues in ecosystem valuation: improving information for decision making

Bingham, Gail E.; Bishop, Richard C.; Brody,; Bromley, Daniel W.; Clark, Edwin S.; Cooper, William E.; Costanza, Robert; Hale, Thomas; Hayden, Gregory F.; Kellert, Stephen R.; Norgaard, Richard B.; Norton, Bryan G.; Payne, John W.; Russell, Clifford S.; Suter, Glenn W.

doi:10.1016/0921-8009(95)00021-z

Cited by 239 publications

(83 citation statements)

References 2 publications

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“…The importance of valuing ecosystem services in decisions affecting natural resources and their management is highlighted in Bingham et al (1995). A significant body of literature exists that assesses various means of quantifying the relationship of ecosystem functions to human well-being in economic terms.…”

Section: Introductionmentioning

confidence: 99%

The impact of climate change on California’s ecosystem services

et al. 2011

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Ecosystem services play a crucial role in sustaining human well-being and economic viability. People benefit substantially from the delivery of ecosystem services, for which substitutes usually are costly or unavailable. Climate change will substantially alter or eliminate certain ecosystem services in the future. To better understand the consequences of climate change and to develop effective means of adapting to them, it is critical that we improve our understanding of the links between climate, ecosystem service production, and the economy. This study examines the impact of climate change on the terrestrial distribution and the subsequent production and value of two key ecosystem services in California: (1) carbon sequestration and (2) natural (i.e. nonirrigated) forage production for livestock. Under various scenarios of future climate change, Climatic Change (2011) 109 (Suppl 1):S465-S484

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Section: Introductionmentioning

confidence: 99%

The impact of climate change on California’s ecosystem services

et al. 2011

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“…Further, the use of this process is for project appraisal, where ecosystem services lost must be weighed against the benefits of a specific project. Because ecosystem services are largely outside the market and uncertain, they are too often ignored or undervalued, leading to the error of constructing projects whose social costs far outweigh their benefits [34,35].…”

Section: Ecosystem Valuationmentioning

confidence: 99%

“…First, the authors clarified that ecosystem services provide an important portion of the total contribution to human welfare on this planet. We must begin to give the natural capital stock that produces these services adequate weight in the decision-making process, otherwise current and continued future human welfare may drastically suffer [34,35]. Further, the use of this process is for project appraisal, where ecosystem services lost must be weighed against the benefits of a specific project.…”

Section: Ecosystem Valuationmentioning

confidence: 99%

A Crossing-Line Between Transportation Evaluation and Natural Capital Assessment: Perspectives on Ecological Economics and Project Evaluation

Lee¹,

Kim²

2017

TOTJ

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Introduction:Ranging from everyday choices to political arrangements, making the most efficient and effective outcome of the given circumstances is a critical part of decision-making process. Accordingly, achieving a balanced and sophisticated perspective in decision-making process is a hard task. However, there are possible ways to direct this issue, at least to some conceptual extent, and this article identifies possible considerations for more sustainable infrastructure planning decisions. Methods:This study presents a thorough review on project evaluation and transport externalities, especially in terms of ecological valuations. After that, a case study on a high-speed rail in the state of Texas, USA is examined to elaborate suggested solutions in sustainable transportation decision-making. Results:To appropriately reflect the changes in ecological features induced by a transportation project, location specific or project-based measurements are critical parts. There are certain ways to capture the monetary values of ecological features. Using the suggested methods, two high-speed rail alternatives are compared, and the one with more ecological preservation is considered could save the difference identified in construction in less than 15 years with the savings in monetary values of ecological features. Conclusion:Because environmental impact is often regarded in a separate study measuring the degree, not the economic values associated with it, precise meaning of ecological externalities is hard to understand. However, many scholars in both transportation and ecology disciplines emphasize the need for more inclusive considerations on opportunity costs of natural environments, and recently technological advances made this issue become more plausible. Based on Texas case, calculating monetary values of ecology could provide a different future about transportation investments, and for that reason, we should think more thoroughly on externalities.

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“…This volume examines the potential for systematic and formalized interdisciplinary rese arch on wetlands. Such potential lies in the integration of insights, methods and data drawn from natural and social sciences, as highlighted in previous integrated modelling and assessment surveys (Bingham et al, 1995).…”

Section: Wetland Definitionsmentioning

confidence: 99%

Introduction

Turner¹,

Bergh²,

Brouwer³

2003

Managing Wetlands

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wetland research approach has somehow to make compatible the very different perceptions of what exactly a wetland system is, as seen from a range of disciplinary viewpoints (Maltby et al., 1994(Maltby et al., , 1996b. In this volume the main characteristics of wetland processes and systems are reviewed in a crossdisciplinary way. WETLAND LOSSESGlobally wetlands have been lost or are under threat, despite the existence of various international agreements (such as the Ramsar Convention which lists over 1000 sites of international importance covering almost 800 000 km 2 ) and national conservation policies. This situation has been caused by: (1) the public nature of many wetlands products and services; (2) user externalities imposed on other stakeholders; and (3) policy intervention failures that are due to a lack of consistency among policies being enacted across different sectors of the economy. All three causes are related to information failures, which in turn can be linked to the complexity and 'invisibility' of spatial relationships between ground and surface waters and wetland vegetation .Integrated wetland research combining natural and social sciences can play a significant part in a strategy to reduce information failure and increase consistency and co-ordination across various government policies relevant to wetlands. An integrated wetland research framework suggests that a 'mixed' methodology based on a combination of integrated modelling, stakeholder analysis, economic valuation and multi-criteria evaluation can provide complementary insights into sustainable and welfare-optimizing wetland management and policy. Just such an approach is presented in this volume, with Part I covering methodological issues and Part II a series of applications across a spectrum of spatial scales.According to the European Environment Agency, wetlands continue to be under particular pressure because of the extensive drainage of lowland areas for agriculture, forestry, peat exploitation and urban development, together with the impacts of river system regulation for power generation, water storage and flood control and the maintenance of navigation channels (European Environment Agency, 1999). The key to a better understanding of the wetland problem and its mitigation through more sustainable management lies in the recognition of the importance of the landscape ecology scale. A better scientific understanding of wetland structure and processes together with socioeconomic and cultural values and significance is predicated on an appreciation of at least catchment-wide systems. Thus wetlands have been and are being degraded or destroyed by eutrophication and acidification, the causes of which

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Issues in ecosystem valuation: improving information for decision making

Cited by 239 publications

References 2 publications

The impact of climate change on California’s ecosystem services

The impact of climate change on California’s ecosystem services

A Crossing-Line Between Transportation Evaluation and Natural Capital Assessment: Perspectives on Ecological Economics and Project Evaluation

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