Economic valuation of green and blue nature in cities: A meta-analysis

Research output: Contribution to JournalArticleAcademicpeer-review

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 languageEnglish
Article number106480
JournalEcological Economics
Volume169
DOIs
Publication statusPublished - 1 Mar 2020

Fingerprint

meta-analysis
transfer function
valuation
economics
ecosystem service
atmospheric pollution
climate change
city
Nature
Economic valuation
Meta-analysis
natural area
Europe
health
method

Keywords

  • Ecosystem services
  • Meta-analysis
  • Stated preferences
  • Urban nature
  • Value transfer

Cite this

@article{123030410eb544a587a0c50a52f581e4,
title = "Economic valuation of green and blue nature in cities: A meta-analysis",
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.",
keywords = "Ecosystem services, Meta-analysis, Stated preferences, Urban nature, Value transfer",
author = "Marija Bockarjova and Botzen, {Wouter J.W.} and Koetse, {Mark J.}",
year = "2020",
month = "3",
day = "1",
doi = "10.1016/j.ecolecon.2019.106480",
language = "English",
volume = "169",
journal = "Ecological Economics",
issn = "0921-8009",
publisher = "Elsevier",

}

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 JournalArticleAcademicpeer-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 -