Dealing with negative monetary ecosystem services values in environmental and economic accounting

Astrid Zabel, Raushan Bokusheva and Martina Bozzola

Ecosystem Services, 2024, vol. 66, issue C

Abstract: The concept of exchange values refers to the theoretical notion of an exchange happening for ecosystem services between an ecosystem asset and an economic agent. The United Nations System of Environmental Economic Accounting recommends using market prices as exchange values whenever possible, or otherwise, exchange value estimates that conceptually come close to market prices. However, in countries with highly regulated access to natural resources, the observable market prices or exchange value estimates for ecosystem services may often be distorted or even negative. When exchange values are used for decision support or as evidence base for policy making, negative values can be misleading.

Keywords: Monetary valuation of ecosystem services; Exchange value approach; Negative exchange values; Hydropower; Switzerland (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecoser:v:66:y:2024:i:c:s2212041624000081

DOI: 10.1016/j.ecoser.2024.101602

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