Definition Valuation Of Ecosystem

It reflects the value of something for its own sake.

Definition valuation of ecosystem. Contents 1 value of ecosystem services. Ecosystem valuation is a widely used tool in determining the impact of human activities on an environmental system by assigning an economic value to an ecosystem or its ecosystem services. Ecosystem valuation is the process by which policymakers assign a value monetary or otherwise to environmental resources or to the outputs and or services provided by those resources. For example a mountain forest may provide environmental services by preventing downstream flooding.

Ecosystem valuation is an economic process which assigns a value either monetary biophysical or other to an ecosystem and or its ecosystem services. Economists measure the value of ecosystem services to people by estimating the amount people are willing to pay to preserve or enhance the services see basic concepts of economic value for more detailed information. In contrast intrinsic value is the value that exists independently of any such contribution. In other words its value is derived from its usefulness in achieving a goal.

The instrumental value of an ecosystem service is a value derived from its role as a means toward an end other than itself. Valuation enters the framework of ecosystem accounting when there is a need for estimates of ecosystem services or ecosystem assets in monetary terms for policy or analytical purposes. Ecosystem values are measures of how important ecosystem services are to people what they are worth. Valuation is a close adjunct to the ecosystem services movement in conservation science and advocacy.

Valuation approaches by explicitly considering the environment as a whole bringing together land water air soil and biodiversity and recognising that their linkages provide a wide variety of services.