Differences

This shows you the differences between two versions of the page.

--- wiki:economic_valuation [2018/04/03 18:14] – cgiuppo
+++ wiki:economic_valuation [2018/09/06 09:34] (current) – apolderman
@@ Line 10: / Line 10: @@
       - Bequest and Altruistic values: values that people place on knowing that future or current generations, respectively, will have the option to enjoy something.
-[[:wiki:economic_valuation_ecosystem_services_alpes|Economic valuation of ecosystem services]] results in the determination of a value for a particular good or service in a certain context (e.g., of decision making)((Faber, S.C.; Costanza, R.; Wilson, M. (2002) Economic and Ecological Concepts for Valuing Ecosystem Services. Ecological Economics 41(3):375-392. DOI 10.1016/S0921-8009(02)00088-5))<sup>,</sup>((Maes, J.; Teller, A.; Erhard, M.; Murphy, P.; Paracchini, M. L.; Barredo, J. I. et al. (2014): Mapping and assessment of ecosystems and their services. Indicators for ecosystem assessments under action 5 of the EU biodiversity strategy to 2020 : 2nd report - final, February 2014. Luxembourg: Publications Office (Technical Report, 2014-080).))<sup>,</sup>((van der Ploeg, S.; Groot, D. de & Wang, Y. (2010): The TEEB Valuation Database: overview of structure, data and results. Final report December 2010, Foundation for Sustainable Development. Wageningen, checked on 7/21/2016)) . The value preferred by economists is **monetary value**, which requires estimating how much purchasing power (€) people would be willing to give up to get it (or would need to be paid to give it up), if they were forced to make a choice. Ecosystem valuation can help resource managers deal with the effects of market failures, by measuring their costs to society, in terms of lost economic benefits. The costs to society can then be imposed, in various ways, on those who are responsible, or can be used to determine the value of actions to reduce or eliminate environmental impacts. Nearly all policy and management decisions imply changes relative to some baseline and most changes imply trade-offs (eg. in the TEV). The costs of implementing different options can be compared to the increased economic benefits of reduced externalities. Not always valuation ends up with a comprehensive estimation of monetary values in order to take sound economic decisions, but they are the prerequisite needed for **Cost Benefit Analysis (CBA)**. Indicator-based methods can be combined with monetary valuation and support ranking or prioritizing the expected benefits of environmental investments, for example **Cost Effectiveness Analysis (CEA)**.
+[[:wiki:economic_valuation_ecosystem_services_alpes|Economic valuation of ecosystem services]] results in the determination of a value for a particular good or service in a certain context (e.g., of decision making)((Faber, S.C.; Costanza, R.; Wilson, M. (2002) Economic and Ecological Concepts for Valuing Ecosystem Services. Ecological Economics 41(3):375-392. DOI 10.1016/S0921-8009(02)00088-5))<sup>,</sup>((Maes, J.; Teller, A.; Erhard, M.; Murphy, P.; Paracchini, M. L.; Barredo, J. I. et al. (2014): Mapping and assessment of ecosystems and their services. Indicators for ecosystem assessments under action 5 of the EU biodiversity strategy to 2020 : 2nd report - final, February 2014. Luxembourg: Publications Office (Technical Report, 2014-080).))<sup>,</sup>((van der Ploeg, S.; Groot, D. de & Wang, Y. (2010): The TEEB Valuation Database: overview of structure, data and results. Final report December 2010, Foundation for Sustainable Development. Wageningen, checked on 7/21/2016)). The value preferred by economists is **monetary value**, which requires estimating how much purchasing power (€) people would be willing to give up to get it (or would need to be paid to give it up), if they were forced to make a choice. Ecosystem valuation can help resource managers deal with the effects of market failures, by measuring their costs to society, in terms of lost economic benefits. The costs to society can then be imposed, in various ways, on those who are responsible, or can be used to determine the value of actions to reduce or eliminate environmental impacts. Nearly all policy and management decisions imply changes relative to some baseline and most changes imply trade-offs (eg. in the TEV). The costs of implementing different options can be compared to the increased economic benefits of reduced externalities. Not always valuation ends up with a comprehensive estimation of monetary values in order to take sound economic decisions, but they are the prerequisite needed for **Cost Benefit Analysis (CBA)**. Indicator-based methods can be combined with monetary valuation and support ranking or prioritizing the expected benefits of environmental investments, for example **Cost Effectiveness Analysis (CEA)**.
 === Economic valuation of ecosystem services in the AlpES Project ===
-The AlpES project does not elaborate an economic evaluation of ecosystem services. It can be a potential next step after a physical assessment of ES. In the pilot regions regional economic valuations or estimation of economic values may be carried out.
+The [[:wiki:alpesbackground|AlpES project]] does not elaborate an economic evaluation of ecosystem services. It can be a potential next step after a physical assessment of ES. In the pilot regions regional economic valuations or estimation of economic values may be carried out.
 === Additional Resources ===
@@ Line 22: / Line 22: @@
   * Valuing Nature: [[http://valuing-nature.net/sites/default/files/images/VNN-Demystifying Economic Valuation-Paper.pdf|http://valuing-nature.net/sites/default/files/images/VNN-Demystifying%20Economic%20Valuation-Paper.pdf]]
   * Ecosystem Valuation: [[http://www.ecosystemvaluation.org/index.html|http://www.ecosystemvaluation.org/index.html]]
+See also:
+  * [[:wiki:economic_valuation_ecosystem_services_alpes|Economic Valuation of Ecosystem Services]] <sup>**AlpES Project Term** </sup>
 ~~DISCUSSION~~