An Ecosystem Service Value Model to Quantify Eco-environment Cost

Yi-Ru Wang and Hui Zhang

Applied Economics and Finance, 2020, vol. 7, issue 4, 22-32

Abstract: With the development of society, ecological environmental protection has become more and more important. In this paper, an Ecosystem Service Value Model (ESVM) was developed to quantify the value of all types of ecosystem services. Through the ecosystem service value evaluation index system we established, we determined ecosystem service value equivalent factors of different ecosystem services. Then we combine the baseline value of the ecosystem service value equivalent factor to determine the ecosystem service value per unit area of different ecosystems. The amount of ecological service value reduction can be calculated with the amount of change in ecosystem area caused by land use projects. Ecological costs are equal to the reduction in the value of ecosystem services. The true economic cost of land use project consists of two parts- project construction cost and ecological cost. The model established in this paper considers the effects of time changes. And the introduction of dynamic adjustment of biomass changes and dynamic adjustment of currency changes make the model more adaptable to time changes. The research can evaluate the value of ecosystem services, which promotes the harmonious development of human and ecological environment.

Date: 2020
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