scholarly journals Coastal Resources Economics and Ecosystem Valuation

Water ◽  
2019 ◽  
Vol 11 (11) ◽  
pp. 2206
Author(s):  
J. Milon ◽  
Sergio Alvarez
Keyword(s):  
Ecosystem Services ◽  
Resource Management ◽  
Marine Ecosystem ◽  
Economic Valuation ◽  
The United States ◽  
Coastal Resources ◽  
The European Union ◽  
Ongoing Research ◽  
Marine Resource ◽  
Ecosystem Valuation

The papers in this special issue provide new insights into ongoing research to value coastal and marine ecosystem services, and offer meaningful information for policymakers and resource managers about the economic significance of coastal resources for planning, restoration, and damage assessment. Study areas encompass a broad geographic scope from the Gulf of Mexico in the United States, to the Caribbean, the European Union, Australia, and Southeast Asia. The focus of these papers ranges from theoretical perspectives on linkages between ecosystem services and resource management, to the actual integration of valuation information in coastal and marine resource policy decisions, and to the application of economic valuation methods to specific coastal and marine resource management problems. We hope readers will appreciate these new contributions to the growing literature on coastal and marine resource ecosystem services valuation.

In Search of Marine Ecosystem Services Values: The V-MESSES Database

2015 ◽  
Vol 17 (04) ◽  
pp. 1550037 ◽  
Author(s):  
M. Skourtos ◽  
D. Damigos ◽  
D. Tsitakis ◽  
A. Kontogianni ◽  
C. Tourkolias ◽  
...  
Keyword(s):  
Ecosystem Services ◽  
Marine Ecosystem ◽  
Economic Valuation ◽  
Reference Value ◽  
Cost Benefit ◽  
Environmental Research ◽  
The European Union ◽  
Marine Ecosystem Services ◽  
Marine Environmental ◽  
European Seas

Economic valuation of marine ecosystem services is strongly anchored within the logic of Marine Strategy Framework Directive (MSFD). An inventory and critical assessment of marine valuation studies was conducted within the European Union funded Policy-oriented marine Environmental Research for the Southern European Seas (PERSEUS) research project ( http://www.perseus-net.eu/ ) and this information was fed into a suitable, spatially explicit valuation database, namely Valuation database for Marine Ecosystem Services of Southern European Seas (V-MESSES), with the objective of providing monetary values for Southern European Seas (SES) to be used in cost–benefit and cost-effectiveness applications. At present, the database contains 93 studies offering over 110 value estimates for four categories and 20 subcategories of marine ecosystem services covering all regions of Mediterranean and Black Sea. The database enables so far the estimation of the aggregated value of all ecosystem services. However, the selection of appropriate, policy relevant value estimates is not a simple and straightforward task, since several conditions should be met in order to conduct effective and efficient value transfers. Bearing in mind the above limitations, tentative reference value estimates are compiled from the V-MESSES database for a number of coastal and marine ecosystem services, although not all service categories are covered sufficiently.

scholarly journals The Elusive Quest for Valuation of Coastal and Marine Ecosystem Services

Water ◽  
2019 ◽  
Vol 11 (7) ◽  
pp. 1518 ◽  
Author(s):  
J. Walter Milon ◽  
Sergio Alvarez
Keyword(s):  
Ecosystem Services ◽  
Marine Ecosystem ◽  
Economic Valuation ◽  
Economic Value ◽  
Terrestrial Ecosystems ◽  
Services Research ◽  
Goods And Services ◽  
Geophysical Processes ◽  
Marine Ecosystem Services ◽  
Policy And Planning

Coastal and marine ecosystem (CME) services provide benefits to people through direct goods and services that may be harvested or enjoyed in situ and indirect services that regulate and support biological and geophysical processes now and in the future. In the past two decades, there has been an increase in the number of studies and journal articles designed to measure the economic value of the world’s CME services, although there is significantly less published research than for terrestrial ecosystems. This article provides a review of the literature on valuation of CME services along with a discussion of the theoretical and practical challenges that must be overcome to utilize valuation results in CME policy and planning at local, regional, and global scales. The review reveals that significant gaps exist in research and understanding of the broad range of CME services and their economic values. It also raises questions about the validity of aggregating ecosystem services as independent components to determine the value of a biome when there is little understanding of the relationships and feedbacks between ecosystems and the services they produce. Finally, the review indicates that economic valuation of CME services has had a negligible impact on the policy process in four main regions around the world. An alternative direction for CME services research would focus on valuing the world’s CME services in a wealth accounting framework.

A Comparative Analysis of Accountability Mechanisms for Ecosystem Services Markets in the United States and the European Union

2013 ◽  
Vol 2 (2) ◽  
pp. 259-283 ◽  
Author(s):  
Robert L. Glicksman ◽  
Thoko Kaime
Keyword(s):  
United States ◽  
European Union ◽  
Ecosystem Services ◽  
Financial Incentives ◽  
Ad Hoc ◽  
Performance Standards ◽  
The United States ◽  
Environmental Benefits ◽  
Market Manipulation ◽  
The European Union

AbstractMarkets in ecosystem services have the potential to provide financial incentives to protect the environment either in lieu of or in addition to more traditional regulatory programmes. If these markets function properly, they can provide enhanced levels of environmental quality or more efficient mechanisms for protecting natural resources that provide vital services to humans. The theoretical benefits of ecosystem services markets may be undercut, however, if care is not taken in creating the legal infrastructure that supports trading to ensure that trades actually provide the promised environmental benefits. This article identifies five essential pillars of an ecosystem services market regime that are necessary to provide operational accountability safeguards. These include financial safeguards, verifiable performance standards, transparency and public participation standards, regulatory oversight mechanisms, and rule of law safeguards. The article assesses whether the laws of the United States (US) and European Union (EU) are well designed to provide such accountability. It concludes that despite recognition of the risk of market manipulation and outright fraud, regulators in the US and the EU to date have responded to these risks largely in an ad hoc and incomplete fashion, rather than embedding the mechanisms for operational accountability discussed in this article into the regulatory framework that governs ecosystem services trading markets.

scholarly journals The Framework of Ecosystem Services for Economic Valuation Purposes: A Review

2019 ◽  
Vol 2 (3) ◽  
pp. 434-449
Author(s):  
Nguyen Minh Duc
Keyword(s):  
Ecosystem Services ◽  
Resource Management ◽  
Natural Resources ◽  
Natural Resource Management ◽  
Natural Resource ◽  
Ecosystem Service ◽  
Economic Valuation ◽  
Well Being ◽  
The Past

Although humans need ecosystems and ecosystem services for their survival and well-being, most of the global ecosystems and the services that they provide have declined and/or degraded rapidly over the past few decades. In order to find the ways to sustainably use natural resources, substantial efforts have been made to measure and value the ecosystem services. The term ‘ecosystem service’ was interpreted in different ways in the literature. For making correct decisions in natural resource management, a consistent way of defining and classifying ecosystem services is needed for valuation purposes. This paper argued for the need to divide ecosystem services into intermediate and final services.

scholarly journals Literature Synthesis for Assessment and Management of Seagrasses

2019 ◽  
pp. 67-76
Author(s):  
Cherry C. Favor
Keyword(s):  
Ecosystem Services ◽  
Management Practices ◽  
Anthropogenic Activities ◽  
Marine Ecosystem ◽  
Economic Valuation ◽  
The Philippines ◽  
Small Scale ◽  
Marine Habitat ◽  
Seagrass Meadows ◽  
Ecological Importance

This paper collates seagrass studies from 2008- 2017. The focus of review is on the studies conducted in Philippines and in some areas of world in relation to this dynamic and most productive marine ecosystem the seagrass meadows. The review reveals that there is an abundance in diversity, distribution and cover of seagrass in different parts of the country, wherein articles written in other part of the world provides data and information on physical, biological and economic importance of Seagrass in the human lives. The cause of its destruction was found out to be mostly anthropogenic activities. Limitations on the conducted studies in the Philippines was shown as reflected in the collected studies that are generally done along the coastal areas in the Visayas and Mindanao regions. Which practically shows an opportunity to explore different places in Luzon for an assessment of Seagrass for its ecosystem resiliency, stability, management and sustainability. Foreign studies included in the review reflects studies on assessment of biophysical characteristics of the seagrasses with the use of modern technologies like remote sensing and management practices that illustrates market value of ecosystem services of seagrass meadows on its application for some small-scale fisheries. Knowledge gap on socio-ecological importance of seagrasses, economic valuation of this marine habitat ecosystem services and wake up call for policy maker to consider seagrasses in their proposal for management shift of this ecologically significant habitat are topics needing further investigations.

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