Valuing Ecosystem Services by National Research Council

Valuing Ecosystem Services by National Research Council

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Summary

In making decisions about human activities, such as draining a wetland for a housing development, it is essential to consider both the value of the development and the value of the ecosystem services that could be lost. This report identifies methods for assigning economic value to ecosystem services even for the intangible ones.

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Valuing Ecosystem Services by National Research Council

Nutrient recycling, habitat for plants and animals, flood control, and water supply are among the many beneficial services provided by aquatic ecosystems. In making decisions about human activities, such as draining a wetland for a housing development, it is essential to consider both the value of the development and the value of the ecosystem services that could be lost. Despite a growing recognition of the importance of ecosystem services, their value is often overlooked in environmental decision-making. This report identifies methods for assigning economic value to ecosystem services—even intangible ones—and calls for greater collaboration between ecologists and economists in such efforts. Table of Contents Front Matter Executive Summary 1 Introduction 2 The Meaning of Value and Use of Economic Valuation in the Environmental Policy Decision-Making Process 3 Aquatic and Related Terrestrial Ecosystems 4 Methods of Nonmarket Valuation 5 Translating Ecosystem Functions to the Value of Ecosystem Services: Case Studies 6 Judgement, Uncertainty, and Valuation 7 Ecosystem Valuation: Synthesis and Future Directions Appendix A: Summary of Related NRC Reports Appendix B: Household Production Function Models Appendix C: Production Function Models Appendix D: Committee and Staff Biographical Information
Committee on Assessing and Valuing the the Services of Aquatic and Related Terrestrial Ecosystems, National Research Council
SKU Unavailable
ISBN 13 9780309093187
ISBN 10 030909318X
Title Valuing Ecosystem Services
Author National Research Council
Condition Unavailable
Binding Type Paperback
Publisher National Academies Press
Year published 2005-05-14
Number of pages 290
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.