Economic Analysis for Ecosystem Service Assessments

By Ian J. Bateman, Georgina M. Mace, Carlo Fezzi, G. Atkinson, K. Turner. 2011

678 citations recorded by the source corpus.

The paper seeks to contribute to the expanding literature on ecosystem service assessment by considering its integration with economic analyses of such services. Focussing upon analyses for future orientated policy and decision making, we initially consider a single period during which ecological stocks are maintained at sustainable levels. The flow of ecosystems services and their contribution to welfare bearing goods is considered and methods for valuing resultant benefits are reviewed and illustrated via a case study of land use change. We then broaden our time horizon to discuss the treatment of future costs and benefits. Finally we relax our sustainability assumption and consider economic approaches to the incorporation of depleting ecological assets with a particular focus upon stocks which exhibit thresholds below which restoration is compromised.

Subfields: Economics and Econometrics, Global and Planetary Change

View Paper: https://www.semanticscholar.org/paper/7925358fcdcc55e4eacb9cad2aada3ca547e4136

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Citations in the corpus

National Accounting and the Valuation of Ecosystem Assets and Their Services (2015, background): “For example, the UK NEA and Bateman et al. (2011) use ecosystem services in the same way but apply the term “goods” rather than “benefits”.”
Classifying Ecosystem Services for Economic Valuation: The case of forest water services (2010, methodology): “accurate valuation than the direct application of the MA (Bateman et al., 2011; Fisher et al., 2009; TEEB, 2010).”
Species-rich dung beetle communities buffer ecosystem services in perturbed agro-ecosystems (2012, neutral): “vices important in agricultural output and sustainability (Bateman et al. 2010; Burkhard, Petrosillo & Costanza 2010; Balmford et al. 2011).”
The Politics of Sustainability and Development (2016, background): “As discussed above, environmental economics aimed to create policies that internalized the externalities or generated green accounts that incorporated the costs of environmental damage into national or company accounting (26, 27).”
Bringing Ecosystem Services into the Real World: An Operational Framework for Assessing the Economic Consequences of Losing Wild Nature (2011, methodology): “Our understanding of this relationship is still incipient, but when available, this information should be incorporated in estimating changes in service production, flow, use and value, in a spatially explicit way (Bateman et al. 2010; Polasky et al. 2010).”
Assessing the Relationship Between Human Well-being and Ecosystem Services: A Review of Frameworks (2014, background): “For economists, the spatial dependence of ecosystem service provision is firmly established (Pearce 1998; Toman 1998; Bateman et al. 2011; UK-NEA 2011).”
Monetary accounting of ecosystem services: a test case for Limburg province, the Netherlands. (2015, methodology): “Assessments based on ecosystem accounting information can serve as early warning systems that signal degradation or loss of ES value, comparable to other integrated assessments (e.g. MA and TEEB, cf. Bateman et al., 2011), in order to trigger policies that target specific ES or ecosystems.”
Ecosystem services (2011, positive): “…transformations rather than a discrete set of steps, we can consider the further modifications of terminology surrounding exactly what is being valued that has been introduced in the conceptual framework of the UK National Ecosystem Assessment 7 (UK NEA) (Bateman et al., 2011b; Mace et al., 2011).”
Integrating ecological, economic and social aspects to generate useful management information under the EU Directives' ‘ecosystem approach’ (2012, background): “…provide a wide range of ecosystem services benefits, such as food production and recreation, while at the same time providing a wide panoply of regulatory and support ES, as nutrient cycling and water purification (Balmford et al., 2002, 2011; Bateman et al., 2011; MEA, 2003; Turner et al., 2003).”