Assessing the Economic Value of Ecosystem Conservation
Bibliography B0700
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| Author(s) | Pagiola, S. von Ritter, K. Bishop, J. |
| Date | October 2004 |
| Reference type | Paper |
| Source name | Environment Department Paper |
| Journal | No 101 |
| Pages | 66 pp. |
| Publisher | World Bank, Washington, D.C. |
Summary
This paper seeks to clarify how valuation should be conducted to answer specific policy questions. Valuation can help identify the beneficiaries of conservation and the magnitude of the benefits they receive, and thus help design mechanisms to capture some of these benefits and make them available for conservation. These four approaches are closely linked and build on each othe, often using similar data. They use that data in very different ways, however, sometimes looking at all of it, sometimes at a subset, sometimes looking at a snapshot, and sometimes looking at changes over time. Each approach has its uses and its limitations. Understanding under what conditions one approach should be used rather than another is critical: the answer obtained under one approach, no matter how well conducted, is generally meaningless when applied to problems that are better treated using another approach. In particular, using estimates of total flows to justify specific conservation decisions—although commonly done—is almost always wrong. Properly used, however, valuation can provide invaluable insights into conservation issues.
Themes
Market-based Approaches
Available from
http://econwpa.wustl.edu/eps/othr/papers/0502/0502006.pdf
Related records above this one:
- World Bank (Organisation O0145)