Ecosystem valuation: Changing discourse in a time of climate change
Maja Vinde Folkersen
Ecosystem Services, 2018, vol. 29, issue PA, 1-12
Alternative ecosystem valuation methodology can inform policy choices to better reflect local needs, improve living standards and facilitate more effective climate change adaptation strategies. In the context of the South Pacific Island Countries and their reliance on marine resources, this paper outlines the urgent need for exploring alternative ecosystem valuation methodology. The objective behind alternative ecosystem valuation methodology is to enable a more comprehensive identification and elicitation of the various types of ecosystem values. This paper demonstrates how the commonly adopted monetary approach to conducting ecosystem valuation impedes the exploration of climate change adaptation strategies based on non-monetary aspects. These include value-indicators such as time, labour, geographical distance and collective community efforts along with social value, e.g. community incentives to protect and sustain local ecosystems. The paper compares and contrasts various combinations of ecosystem valuation methods that can enable social and non-monetary valuation of ecosystems in low-income settings that reflect social norms and cultural value systems. The paper concludes with a discussion of how alternative ecosystem valuation methodology can enable new pathways towards climate change adaptation and the improvement of living standards that would be particularly suitable for low-income settings where natural resources are vulnerable and financial resources scarce.
Keywords: Non-market valuation; Ecosystem valuation; Social value; Low-income settings; Climate change adaptation; Non-monetary (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
Full text for ScienceDirect subscribers only
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eee:ecoser:v:29:y:2018:i:pa:p:1-12
Access Statistics for this article
Ecosystem Services is currently edited by Leon C Braat
More articles in Ecosystem Services from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().