This article is published in Environmetrics as a special issue on Ecosystem Services, edited by M. Scott and R. Smith.
Special Issue Paper
Ecosystem valuation: some principles and a partial application†
Article first published online: 10 FEB 2011
Copyright © 2011 John Wiley & Sons, Ltd.
Special Issue: Quantitative Approaches to Ecosystem Service Evaluation
Volume 22, Issue 5, pages 675–685, August 2011
How to Cite
Morse-Jones, S., Luisetti, T., Turner, R. K. and Fisher, B. (2011), Ecosystem valuation: some principles and a partial application. Environmetrics, 22: 675–685. doi: 10.1002/env.1073
- Issue published online: 4 JUL 2011
- Article first published online: 10 FEB 2011
- Manuscript Accepted: 5 AUG 2010
- Manuscript Revised: 21 JUN 2010
- Manuscript Received: 1 OCT 2009
- ecosystem services;
- ecosystem valuation;
- economic valuation
Understanding the economic value of nature and the services it provides to humanity has become increasingly important for local, national and global policy, and decision-making. However, problems arise in that it is difficult to obtain meaningful values for goods and services that ecosystems provide which have no formal market, or are characteristically intangible. Additional problems occur when economic methods are applied inappropriately and when the importance of ecosystem maintenance for human welfare is underestimated. In this article, we provide clarification to practitioners on important considerations in ecosystem services valuation. We first review and adapt definitions of ecosystem services in order to make an operational link to valuation methods. We make a distinction between intermediate and final ecosystem services and also identify non-monetary ways to incorporate regulatory and support services into decision-making. We then discuss the spatially explicit nature of ecosystem service provision and benefits capture, and highlight the issues surrounding the valuing of marginal changes, nonlinearities in service benefits, and the significance of non-convexities (threshold effects). Finally, we argue for a sequential decision support system that can lead to a more integrated and rigorous approach to ecosystem valuation and illustrate some of its features in a coastal ecosystem management context. Copyright © 2011 John Wiley & Sons, Ltd.