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Economic Valuation of Forest Ecosystem Services: Methodology and Monetary Estimates


Reference:

Chiabai, A., Ding, H., Markandya, A., Nunes, P. and Travisi, C., 2009. Economic Valuation of Forest Ecosystem Services: Methodology and Monetary Estimates. In: 17th Annual Conference of the European Association of Environmental and Resource Economists (EAERE), 2009-06-24 - 2009-06-27, Amsterdam.

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Abstract

This paper offers a methodological contribution to estimate marginal values of selected ecosystem services for world forest biomes, following the Millennium Ecosystem Assessment. Economic losses from policy inaction are estimated for future scenarios in year 2050. The highest impact is expected in boreal and warm mixed forests, followed by tropical forests, which might be surprising to some who argue that the most significant loss should be in tropical forests. A detailed analysis, however, shows that this is not the case. The best estimates point to greater losses in areas where use and non-use values are highest, which includes North America.

Details

Item Type Conference or Workshop Items (Paper)
CreatorsChiabai, A., Ding, H., Markandya, A., Nunes, P. and Travisi, C.
DepartmentsFaculty of Humanities & Social Sciences > Social & Policy Sciences
Faculty of Humanities & Social Sciences > Economics
RefereedNo
StatusPublished
ID Code14793

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