The Economics of Valuing Ecosystem Services and Biodiversity

Unai Pascual; Roldan Muradian; Luke Brander; Erik Gómez-Baggethun; Berta Martín-López; Madhu Verma; Paul Armsworth; Michael Christie; Hans Cornelissen; Florian Eppink; Joshua Farley; John Loomis; Leonie Pearson; Charles Perrings; Stephen Polasky; Jeffrey A. McNeely; Richard Norgaard; Rehana Siddiqui; R. David Simpson; R. Kerry Turner

doi:10.4324/9781849775489-6

The Economics of Valuing Ecosystem Services and Biodiversity

Unai Pascual^*, Roldan Muradian, Luke Brander, Erik Gómez-Baggethun, Berta Martín-López, Madhu Verma, Paul Armsworth, Michael Christie, Hans Cornelissen, Florian Eppink, Joshua Farley, John Loomis, Leonie Pearson, Charles Perrings, Stephen Polasky, Jeffrey A. McNeely, Richard Norgaard, Rehana Siddiqui, R. David Simpson, R. Kerry Turner

^*Corresponding author for this work

Department of Life Sciences

Research output: Chapter in Book/Report/Conference proceeding › Chapter

205 Citations (Scopus)

Abstract

In the Total Economic Value (TEV) framework, ecosystems may generate output values (the values generated in the current state of the ecosystem, for example food production, climate regulation and recreational value) as well as insurance values. The latter, closely related to ‘option value’, is the value of ensuring that there is no regime shift in the ecosystem with irreversible negative consequences for human well-being. Even if an ecosystem or some component of it currently generates no output value, its option value may still be significant.

Original language	English
Title of host publication	The Economics of Ecosystems and Biodiversity
Subtitle of host publication	Ecological and Economic Foundations
Editors	Pushpam Kumar
Place of Publication	London
Publisher	Taylor & Francis
Chapter	5
Pages	183-256
Number of pages	74
Edition	1
ISBN (Electronic)	9781849775489
ISBN (Print)	9781849712125, 9780415501088
DOIs	https://doi.org/10.4324/9781849775489-6 https://doi.org/10.4324/9781849775489
Publication status	Published - 01 Jan 2012

Keywords

TEEB
Ecosystem services
Valuation

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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Pascual, U., Muradian, R., Brander, L., Gómez-Baggethun, E., Martín-López, B., Verma, M., Armsworth, P., Christie, M., Cornelissen, H., Eppink, F., Farley, J., Loomis, J., Pearson, L., Perrings, C., Polasky, S., McNeely, J. A., Norgaard, R., Siddiqui, R., David Simpson, R., & Kerry Turner, R. (2012). The Economics of Valuing Ecosystem Services and Biodiversity. In P. Kumar (Ed.), The Economics of Ecosystems and Biodiversity: Ecological and Economic Foundations (1 ed., pp. 183-256). Taylor & Francis. https://doi.org/10.4324/9781849775489-6, https://doi.org/10.4324/9781849775489

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Pascual, U, Muradian, R, Brander, L, Gómez-Baggethun, E, Martín-López, B, Verma, M, Armsworth, P, Christie, M, Cornelissen, H, Eppink, F, Farley, J, Loomis, J, Pearson, L, Perrings, C, Polasky, S, McNeely, JA, Norgaard, R, Siddiqui, R, David Simpson, R & Kerry Turner, R 2012, The Economics of Valuing Ecosystem Services and Biodiversity. in P Kumar (ed.), The Economics of Ecosystems and Biodiversity: Ecological and Economic Foundations. 1 edn, Taylor & Francis, London, pp. 183-256. https://doi.org/10.4324/9781849775489-6, https://doi.org/10.4324/9781849775489

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AU - Gómez-Baggethun, Erik

AU - Martín-López, Berta

AU - Verma, Madhu

AU - Armsworth, Paul

AU - Christie, Michael

AU - Cornelissen, Hans

AU - Eppink, Florian

AU - Farley, Joshua

AU - Loomis, John

AU - Pearson, Leonie

AU - Perrings, Charles

AU - Polasky, Stephen

AU - McNeely, Jeffrey A.

AU - Norgaard, Richard

AU - Siddiqui, Rehana

AU - David Simpson, R.

AU - Kerry Turner, R.

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The Economics of Valuing Ecosystem Services and Biodiversity

Abstract

Keywords

UN SDGs

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