Valuation of ecosystem services in a region: A review of the international experience

Vera V. Yurak, Margarita N. Ignatyeva and Aleksey V. Dushin
Additional contact information
Vera V. Yurak: Ural State Mining University, Institute of Economics (Ural branch of RAS); Ekaterinburg, Russia
Margarita N. Ignatyeva: Ural State Mining University, Institute of Economics (Ural branch of RAS); Ekaterinburg, Russia
Aleksey V. Dushin: Ural State Mining University, Institute of Economics (Ural branch of RAS); Ekaterinburg, Russia

Journal of New Economy, 2020, vol. 21, issue 4, 79-103

Abstract: The paper aims to investigate the international experience of valuation and identification of ecosystem services. The theoretical and methodological basis of the research includes the theory of value and the ecosystem approach. The authors apply the dialectical method, logical abstraction, comparative analysis, grouping method, and the method of analogies. To build the hierarchy of ecosystem services and determine the most important ones in relation to soil and forest ecosystems statistical methods are implemented. The paper presents the results of the analysis of the key projects on valuation of ecosystem services in terms of content, scale and adopted methods; the identification of the most often valuated ecosystem services; and refined classification of ecosystem services and method for their evaluation. The practical significance of the research lies in the improvement of the economic mechanism of the regulation of natural resources management, which is meant to mitigate the negative consequences of climate change, what eventually will increase the probability of attaining the UN Sustainable Development Goals by 2030. The research findings form the basis for further formulation of the methodological recommendations about valuation of the ecosystem services in different physical-geographical zones.

Keywords: sustainable development; ecosystem services; natural resources; natural conditions; ecological goods and services; natural capital; natural resources management; ecosystem (search for similar items in EconPapers)
JEL-codes: Q01 Q57 Q58 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://jne.usue.ru/images/download/89/5.pdf (application/pdf)
http://jne.usue.ru/ru/2020/937 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:url:izvest:v:21:y:2020:i:4:p:79-103

DOI: 10.29141/2658-5081-2020-21-4-5

Access Statistics for this article

Journal of New Economy is currently edited by Yelizaveta A. Belousova

More articles in Journal of New Economy from Ural State University of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Victor Blaginin ().