XML FeedsEconomic Valuation of Forest Ecosystem Services: Methodology and Monetary Estimates
By CostBenefit on Nov 9, 2009 | In Academic Study/Journal Article, Preservation & Open Space, Agriculture, Forestry and Food, Ecosystem Valuation, Research Institute NGO NonProfit, Environmental Economics / Ecological Economics, Costs and Benefits | Send feedback »
Link: http://www.feem.it/Feem/Pub/Publications/WPapers/WP2009-012.htm
By using ad hoc value transfer protocols, this paper offers a methodological contribution and provides accurate per hectare estimates of the economic value of some selected ecosystem services for all forest biomes in the world, identified following the Millennium Ecosystem Assessment taxonomy MEA. The research also estimates potential total economic losses from policy inaction in year 2050. Final results show that total losses are significant. The total figure is €78 billion, the greatest losses coming from North America and Mexico, followed by Africa, Russia and some Asiatic countries. Most of this loss is attributable to provisioning services and carbon sequestration, while only a minor part is due to loss of cultural services. In terms of biomes the greatest losses are from boreal and warm mixed forests, followed by tropical forests. These results may be surprising to some who argue that it is the loss of tropical forests, particularly the Amazon, that is the most significant. A detailed analysis, shows, however, 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.
by Aline Chiabai 1, C. M. Travisi 1, H. Ding 1 and 2 and A. Markandya 3 and 4
1. Fondazione Eni Enrico Mattei
2. School for Advanced Studies in Venice Foundation, University of Venice
3. Basque Centre for Climate Change BC3
4. University of Bath
Fondazione Eni Enrico Mattei (FEEM) www.FEEM.it
Working Paper 12.09, 2009
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