Economic values of ecosystem services

Research output: Chapter in Book / Report / Conference proceedingChapterAcademicpeer-review

Abstract

Ecosystems provide important commodities and environmental benefits to society. As such, the management of ecosystems is an economic, social, and political issue encompassing all sectors of an economy. It involves trade-offs between competing uses and users, as well as between additional economic growth, ecosystem protection, and further natural resource depletion and degradation. Any particular use of ecosystems has its opportunity costs, consisting of the foregone benefits from possible alternative uses of the resource, including non-use. Decision-makers are faced with balancing these varied resource uses, for example, between freshwater demands from agricultural irrigation on the one hand, and the desire to protect rivers for fish and wildlife habitat on the other hand. Striking a balance between the trade-offs of economic growth and ecosystem resource use, possibly leading to their degradation and depletion, is crucial for the sustainable management of our natural resources. Economic valuation contributes to an improved natural resource allocation by informing decision-makers on the full social costs of ecosystem exploitation and the full social benefits of the goods and services that healthy ecosystems provide. This chapter addresses the various dimensions of economic and social value, before explaining the different valuation and evaluation techniques in Chapters 6 and 7, respectively.

Original languageEnglish
Title of host publicationEcosystem Services: From Concept to Practice
Place of PublicationCambridge
PublisherCambridge University Press
Pages89-107
Number of pages19
ISBN (Electronic)9781107477612
ISBN (Print)9781107062887
DOIs
Publication statusPublished - 1 Jan 2015

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economic valuation
ecosystem service
ecosystem services
Ecosystem
Economics
ecosystems
ecosystem
economics
social benefit
economic development
natural resources
Economic Development
resource use
valuation
economic growth
natural resource
Agricultural Irrigation
opportunity costs
degradation
wildlife habitats

Cite this

Van Beukering, P. J. H., Brouwer, R., & Koetse, M. J. (2015). Economic values of ecosystem services. In Ecosystem Services: From Concept to Practice (pp. 89-107). Cambridge: Cambridge University Press. https://doi.org/10.1017/CBO9781107477612.008
Van Beukering, Pieter J H ; Brouwer, Roy ; Koetse, Mark J. / Economic values of ecosystem services. Ecosystem Services: From Concept to Practice. Cambridge : Cambridge University Press, 2015. pp. 89-107
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Van Beukering, PJH, Brouwer, R & Koetse, MJ 2015, Economic values of ecosystem services. in Ecosystem Services: From Concept to Practice. Cambridge University Press, Cambridge, pp. 89-107. https://doi.org/10.1017/CBO9781107477612.008

Economic values of ecosystem services. / Van Beukering, Pieter J H; Brouwer, Roy; Koetse, Mark J.

Ecosystem Services: From Concept to Practice. Cambridge : Cambridge University Press, 2015. p. 89-107.

Research output: Chapter in Book / Report / Conference proceedingChapterAcademicpeer-review

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Van Beukering PJH, Brouwer R, Koetse MJ. Economic values of ecosystem services. In Ecosystem Services: From Concept to Practice. Cambridge: Cambridge University Press. 2015. p. 89-107 https://doi.org/10.1017/CBO9781107477612.008