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Communicating Research on the Economic Valuation of Coastal and Marine Ecosystem Services

Catalina M. Torres Figuerola () and Nick Hanley ()

Working Papers from University of St. Andrews, School of Geography and Sustainable Development

Abstract: Quantifying the monetary value of ecosystem services provided by coastal and marine resources can help policy makers assess the trade-offs and synergies inherent in ecosystem -based management of marine and coastal environments, thus increasing the social efficiency of decision-making processes. As shown by the valuation literature, the number of coastal and marine management settings where valuation researchers have attempted to make a contribution is rising fast. However, this rise in research activity has not been matched by the increase in the use of economic valuation (EV) in the actual management of coastal and marine resources. This raises an interesting question: is EV responding to the needs of policy makers? This paper provides a comprehensive overview of the knowledg e base regarding the economic values for coastal and marine ecosystems. It then discusses how to improve the uptake of ES valuation research by focussing on two core issues which are thought to be essential for more effective communication with the policy community.

Keywords: economic valuation; marine and coastal ecosystem services; coastal and marine management; policy analysis; benefit transfer (search for similar items in EconPapers)
JEL-codes: Q51 Q25 Q57 Q58 (search for similar items in EconPapers)
Date: 2016-09
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