Valuing environmental services

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dc.contributor.authorJindal, Rohiten
dc.contributor.authorKerr, Johnen
dc.contributor.departmentSustainable Agriculture and Natural Resource Management (SANREM) Knowledgebaseen
dc.date.accessioned2016-04-19T19:31:19Zen
dc.date.available2016-04-19T19:31:19Zen
dc.date.issued2007en
dc.description.abstractPayments for environmental services usually signal the value that service users attach to them or the opportunity cost for land users to provide the same. The absence of markets for most environmental services makes it difficult to estimate a payment structure acceptable to both parties. For instance, an ecosystem may provide several kinds of environmental services, with only a few being valuable to service users. Similarly, opportunity costs for service providers will depend on the specific land uses they are asked to adopt. Therefore, an ad hoc payment structure will rarely work in the long run. Instead, PES programs must conduct careful analysis to estimate values of the environmental services they are going to secure. In some cases, like carbon sequestration, it is becoming to use actual market values as those markets come into being. Where there are no markets, methods to estimate value include: 1) imputing the value of the environmental service from observable phenomena; 2) using the survey-based approach known as contingent valuation to estimate buyers' willingness to pay (WTP) for a service and sellers' willingness to accept (WTA) compensation in return for providing a service, and 3) using auctions to identify actual WTP and WTA. Several techniques can be used to conduct these experiments, which are part of a growing field in economics called non-market valuation.en
dc.description.notesPES-1 (Payments for Environmental Services Associate Award)en
dc.format.mimetypeapplication/pdfen
dc.identifier3391en
dc.identifier.citationUSAID PES Brief 3.2en
dc.identifier.other3391_PESbrief3_2_ValuingServices.pdfen
dc.identifier.urihttp://hdl.handle.net/10919/67496en
dc.language.isoen_USen
dc.publisherBlacksburg, VA: SANREM CRSP, OIRED, Virginia Techen
dc.relation.urihttp://www.oired.vt.edu/sanremcrsp/menu_research/PES.Sourcebook.Contents.phpen
dc.relation.urihttp://www.oired.vt.edu/sanremcrsp/documents/PES.Sourcebook.Oct.2007/PESbrief3.2.ValuingServices.pdfen
dc.rightsIn Copyrighten
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/en
dc.subjectEnvironmental servicesen
dc.subjectPayments for environmental servicesen
dc.subjectMarketsen
dc.subjectPESen
dc.subjectNon-market valuationen
dc.subjectWillingness to payen
dc.subjectWillingness to accept (wta)en
dc.subjectContingent valuationen
dc.subjectAuctionsen
dc.titleValuing environmental servicesen
dc.typeWorking paperen
dc.type.dcmitypeTexten

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