Abstract
There is an increased interest in applying nature for addressing various urban challenges, such as those related to air pollution, climate change, and health, but the economic value of urban nature is not always well recognized. In this study we present a meta-analysis of a rapidly expanding literature that applied stated preference valuation methods to value green and blue urban nature in a variety of contexts. We estimate value transfer functions based on 60 primary studies that elicited urban nature values from in total more than 41,000 respondents worldwide. Moreover, we obtain insights into the main determinants of values of urban nature, in terms of study and methodological characteristics, types of nature, and ecosystem services. For example, using global and European value functions, estimates of the average value of an urban park vary between 12,000USD and 33,100USD, respectively, while estimates of the average value of urban forest vary between 3,000USD and 2,250USD, respectively. We apply these value transfer functions to natural interventions in several cities in Europe, illustrating how these functions can be used for estimating the value of specific natural areas in a variety of urban settings.
| Original language | English |
|---|---|
| Article number | 106480 |
| Journal | Ecological Economics |
| Volume | 169 |
| DOIs | |
| Publication status | Published - 1 Mar 2020 |
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Keywords
- Ecosystem services
- Meta-analysis
- Stated preferences
- Urban nature
- Value transfer
Cite this
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Economic valuation of green and blue nature in cities : A meta-analysis. / Bockarjova, Marija; Botzen, Wouter J.W.; Koetse, Mark J.
In: Ecological Economics, Vol. 169, 106480, 01.03.2020.Research output: Contribution to Journal › Article › Academic › peer-review
TY - JOUR
T1 - Economic valuation of green and blue nature in cities
T2 - A meta-analysis
AU - Bockarjova, Marija
AU - Botzen, Wouter J.W.
AU - Koetse, Mark J.
PY - 2020/3/1
Y1 - 2020/3/1
N2 - There is an increased interest in applying nature for addressing various urban challenges, such as those related to air pollution, climate change, and health, but the economic value of urban nature is not always well recognized. In this study we present a meta-analysis of a rapidly expanding literature that applied stated preference valuation methods to value green and blue urban nature in a variety of contexts. We estimate value transfer functions based on 60 primary studies that elicited urban nature values from in total more than 41,000 respondents worldwide. Moreover, we obtain insights into the main determinants of values of urban nature, in terms of study and methodological characteristics, types of nature, and ecosystem services. For example, using global and European value functions, estimates of the average value of an urban park vary between 12,000USD and 33,100USD, respectively, while estimates of the average value of urban forest vary between 3,000USD and 2,250USD, respectively. We apply these value transfer functions to natural interventions in several cities in Europe, illustrating how these functions can be used for estimating the value of specific natural areas in a variety of urban settings.
AB - There is an increased interest in applying nature for addressing various urban challenges, such as those related to air pollution, climate change, and health, but the economic value of urban nature is not always well recognized. In this study we present a meta-analysis of a rapidly expanding literature that applied stated preference valuation methods to value green and blue urban nature in a variety of contexts. We estimate value transfer functions based on 60 primary studies that elicited urban nature values from in total more than 41,000 respondents worldwide. Moreover, we obtain insights into the main determinants of values of urban nature, in terms of study and methodological characteristics, types of nature, and ecosystem services. For example, using global and European value functions, estimates of the average value of an urban park vary between 12,000USD and 33,100USD, respectively, while estimates of the average value of urban forest vary between 3,000USD and 2,250USD, respectively. We apply these value transfer functions to natural interventions in several cities in Europe, illustrating how these functions can be used for estimating the value of specific natural areas in a variety of urban settings.
KW - Ecosystem services
KW - Meta-analysis
KW - Stated preferences
KW - Urban nature
KW - Value transfer
UR - http://www.scopus.com/inward/record.url?scp=85074996380&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85074996380&partnerID=8YFLogxK
U2 - 10.1016/j.ecolecon.2019.106480
DO - 10.1016/j.ecolecon.2019.106480
M3 - Article
VL - 169
JO - Ecological Economics
JF - Ecological Economics
SN - 0921-8009
M1 - 106480
ER -