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Are diverse ecosystems more valuable? A conceptual framework for economic valuation of biodiversity
[Arbeitspapier]
Körperschaftlicher Herausgeber
Helmholtz-Zentrum für Umweltforschung - UFZ
Abstract Biodiversity is an important environmental public good. However, the literature suggests that it is not clear how its economic value should be estimated; there is no established framework for doing this. This paper summarises concepts of biodiversity value from the ecological and economic literature... mehr
Biodiversity is an important environmental public good. However, the literature suggests that it is not clear how its economic value should be estimated; there is no established framework for doing this. This paper summarises concepts of biodiversity value from the ecological and economic literatures and combines them to a comprehensive and consistent framework. It is argued that biodiversity is the main carrier of insurance value, option value and spill-over value, and also influences the aesthetic appreciation of ecosystems. On that basis, an extension of the TEV framework is proposed to incorporate biodiversity values better. Furthermore, a number of specific challenges of biodiversity as an economic good are identified and used as criteria to inform the choice of suitable valuation methods.... weniger
Thesaurusschlagwörter
Biodiversität; ökologisches System; Wirtschaftsgut; ökonomischer Wert; Nachhaltigkeit
Klassifikation
Ökologie und Umwelt
Freie Schlagwörter
economic valuation; insurance value; option value; TEV
Sprache Dokument
Englisch
Publikationsjahr
2016
Erscheinungsort
Leipzig
Seitenangabe
21 S.
Schriftenreihe
UFZ Discussion Papers, 9/2016
ISSN
1436-140X
Status
Veröffentlichungsversion; begutachtet
Lizenz
Creative Commons - Namensnennung, Nicht-kommerz., Weitergabe unter gleichen Bedingungen