What are the Methods of Ecosystem Value Assessment | CBCGDF Climate Change Working Group Research

Ecosystem services are the benefits that people obtain from nature. The valuation of these services is essential for decision-making regarding natural resource management. There are various mechanisms to assess the value of ecosystem services, including market-based approaches, cost-based methods, and non-market valuation techniques.

Market-based approaches determine the value of ecosystem services through market transactions, such as the price of goods and services. While cost-based methods calculate the value based on the cost of replacing the services if they were to be lost or degraded. Non-market valuation techniques, such as contingent valuation and choice modeling, involve surveys and data analysis to estimate the value of ecosystem services not traded in markets.

Integrated assessment models combine these three methods to provide a comprehensive understanding of the multiple values provided by ecosystems. By evaluating the economic, social and environmental benefits of ecosystem services, decision-makers can make informed choices to ensure sustainable use and conservation of natural resources. Proper valuation of ecosystem services is crucial for promoting biodiversity conservation, mitigating climate change, and enhancing human well-being.

 

Translator: Richard

Checked by LYJ

Editor: Richard

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