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| Author: | Turner, R.K. (et al.) |
| Title: | Valuing nature: lessons learned and future research directions |
| Journal: | Ecological Economics
2003 : OCT, VOL. 46:3, p. 493-510 |
| Index terms: | Cost benefit analysis Ecology Environmental protection |
| Language: | eng |
| Abstract: | This article critically reviews the literature on environmental valuation of ecosystem services across the range of global biomes. The main objective of this review is to assess the policy relevance of the information encompassed by the wide range of valuation studies that have been undertaken so far. Published and other studies now cover most ecosystems, with aquatic and marine contexts attracting the least attention. There is also a predominance of single function valuation studies. Studies that value multiple functions and uses, and studies which seek to capture the "before and after" states as environmental changes take place, are rare. By and large it is the latter types of analyses that are most important as aids to more rational decison taking in ecosystem conservation versus development situations involving different stakeholders. |
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