An evaluation of monetary and non-monetary techniques for assessing the importance of biodiversity and ecosystem services to people in countries with developing economies

Mike Christie, Ioan Fazey, Rob Cooper, Tony Hyde, Jasper O. Kenter

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    156 Citations (Scopus)

    Abstract

    Biodiversity supports a range of ecosystems services that are of fundamental importance to people in poor countries. Economic valuation of biodiversity is important for the development of policies that protect biodiversity and alleviate poverty. This paper provides an evaluation of monetary and non-monetary techniques for assessing the value of biodiversity to people in least developed countries (LDCs). Specifically, research questions include:

    1) To what extent have monetary and non-monetary techniques been used to assess the value of biodiversity and ecosystem services in LDCs?

    2) What are the key methodological, practical, epistemological and policy challenges to assessing the value of biodiversity and ecosystem services in LDCs?

    3) How can valuation methods be improved to allow more accurate valuation in LDCs? (C) 2012 Elsevier B.V. All rights reserved.

    Original languageEnglish
    Pages (from-to)67-78
    Number of pages12
    JournalEcological Economics
    Volume83
    DOIs
    Publication statusPublished - Nov 2012

    Keywords

    • CONSERVATION MANAGERS
    • CITIZENS JURIES
    • Environmental valuation
    • LOCAL PEOPLE
    • Biodiversity
    • INDIVIDUAL INTERVIEWS
    • Participatory approaches
    • FOCUS GROUPS
    • NONMARKET BENEFITS
    • Poverty alleviation
    • Ecosystem services
    • CONTINGENT VALUATION SURVEYS
    • Deliberative valuation
    • WILLINGNESS-TO-PAY
    • EMPIRICAL-EVIDENCE
    • Developing countries
    • ENVIRONMENTAL VALUATION

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