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E-raamat: Valuing Ecosystem Services: The Case of Multi-functional Wetlands [Taylor & Francis e-raamat]

(University of East Anglia, UK), (University of East Anglia, UK), (Princeton University, USA)
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Ecosystem services can be broadly defined as the aspects of ecosystems that provide benefits to people. This book provides guidance on the valuation of ecosystem services, using the case of multifunctional wetlands to illustrate and make recommendations regarding the methods and techniques that can be applied to appraise management options. It provides a review of ecosystem service valuation rationale, including its importance from both a policy and project appraisal perspective, and a useful reference when considering policy and appraisal of ecosystem management options. It shows how legal obligations and other high-level management targets should be taken into account in valuation exercises, thus giving important policy context to the management options.

The authors set out what they call an Ecosystem Services Approach to the full appraisal of the role of ecosystem services in the economy and society. Although concentrating on wetlands, the approaches suggested provide an assessment framework that can be applied to other types of ecosystem assets.

List of Figures, Tables and Boxes v
Acknowledgements vii
List of Acronyms and Abbreviations ix
1 Introduction 1
2 The Ecosystem Services Approach to Natural Resource Management 3
Ecosystem services defined
5
The ecosystem services approach
9
3 Policy Appraisal Perspectives and Socio-economic Appraisal Approaches 19
Policy contexts
19
Existing socio-economic appraisal approaches
21
4 The Ecosystem Services Approach: Valuation of Multi-functional Wetlands 25
Overview of approach and analytical stages
25
Stage 1 Wetland classification: The simplified hydrogeomorphic method (HGM)
31
Stage 2 Wetland ecosystem functioning and the services of wetlands
32
Stage 3 Wetland functioning service benefits
36
Stage 4 Wetland valuation/evaluation
39
5 Economic Valuation of Wetland Ecosystem Services in Practice 59
Practical constraints
59
Wetland benefits
66
Valuation of hydrological service benefits
68
Valuation of biogeochemical service benefits
84
Valuation of ecological service benefits
96
6 Valuation of Multi-functional Wetland: Case Studies 111
7 Conclusions and Future Prospects 143
Appendix A: Economic Valuation Techniques 147
Appendix B: Wetland Ecosystem Services: Overview of Empirical Studies 171
Appendix C: Case Studies Used for Policy Review and Survey 193
Bibliography 209
Index 225
R. Kerry Turner, CBE, is director of the Centre for Social and Economic Research on the Global Environment (CSERGE) and director of the Zuckerman Institute for Connective Environmental Research (ZICER), both at the University of East Anglia, UK.

Stavros Georgiou is an economic advisor, UK Health and Safety Executive and an honorary research fellow at CSERGE.

Brendan Fisher is a Research Fellow at the Woodrow Wilson School of Public and International Affairs at Princeton University, USA.