Valuing ecosystem services

Noralene Uy, Rajib Shaw

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

The unsustainable management of ecosystem services often arises as a result of thenon-recognition of the multiple benefits or under-valuation of ecosystem services. The chapter looks at economic valuation as an essential tool in ecosystem management decision-making and policy. It discusses the economics of ecosystem services, explains the motivations for economic valuation, describes economic valuation methods, and examines the limitations of economic valuation. It emphasizes that economic valuation can be a powerful and convincing tool for placing ecosystems on the agenda of planners and decision-makers.

Original languageEnglish
Title of host publicationEcosystem-Based Adaptation
EditorsNoralene Uy, Rajib Shaw
Pages223-238
Number of pages16
DOIs
Publication statusPublished - 2012 Dec 1

Publication series

NameCommunity, Environment and Disaster Risk Management
Volume12
ISSN (Print)2040-7262
ISSN (Electronic)2040-7270

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Keywords

  • Economic valuation
  • Economic valuation methods
  • Economics of ecosystem services

ASJC Scopus subject areas

  • Environmental Science (miscellaneous)
  • Safety, Risk, Reliability and Quality
  • Management, Monitoring, Policy and Law

Cite this

Uy, N., & Shaw, R. (2012). Valuing ecosystem services. In N. Uy, & R. Shaw (Eds.), Ecosystem-Based Adaptation (pp. 223-238). (Community, Environment and Disaster Risk Management; Vol. 12). https://doi.org/10.1108/S2040-7262(2012)0000012017