The simple but not-too-simple valuation of ecosystem services: basic principles and an illustrative example

References

• Armsworth, P.R. , K.M.A. Chan , G.C. Daily , P.R. Ehrlich , C. Kremen , M.A. Sanjayan , and T.R. Ricketts . 2007. “Ecosystem Service Science and the Way Forward for Conservation.” Conservation Biology 21 (6): 1383–1384.
   PubMed Web of Science ®Google Scholar
• Baker, M.E. , D.E. Weller , and T.E. Jordan . 2007. “Effects of Stream Map Resolution on Measures of Riparian Buffer Distribution and Nutrient Retention Potential.” Landscape Ecology 22: 973–992.
   Web of Science ®Google Scholar
• Bockstael, N. , A.M. Freeman , R. Kopp , P. Portney , and V.K. Smith . 2000. “On Measuring Economic Values for Nature.” Environmental Science and Technology 34: 1384–1389.
   Web of Science ®Google Scholar
• CBC (Chesapeake Bay Commission) . 2012. Nutrient Credit Trading for the Chesapeake Bay: An Economic Study . Accessed 15 May 2015. http://www.chesbay.us/Publications/nutrient-trading-2012.pdf.
   Google Scholar
• CBF (Chesapeake Bay Foundation) . 2014. “Economic Benefits of Cleaning up the Chesapeake: A Valuation of the Natural Benefits Gained by Implementing the Chesapeake Clean Water Blueprint.” Accessed 14 May 2015. http://www.cbf.org/document.doc?id=2258.
   Google Scholar
• Costanza, R. , R. dArge , R. de Groot , S. Farber , M. Grasso , B. Hannon , K. Limburg , et al. 1997. “The Value of the World's Ecosystem Services and Natural Capital.” Nature 387: 253–260.
   Web of Science ®Google Scholar
• Costanza, R.R. , R. de Groot , P. Sutton , S. van der Ploeg , S.J. Anderson , I. Kubiszewski , S. Farber , and R.K. Turner . 2014. “Changes in the Global Value of Ecosystem Services.” Global Environmental Change 26: 152–158.
   Web of Science ®Google Scholar
• Escobedo, F. , and N. Timilsina . 2012. Final Report: Stewardship Ecosystem Services Project . Accessed 28 January 2016. Gainesville, FL: University of Florida. http://sfrc.ufl.edu/cfeor/docs/EcosystemServices.FloridaStewardshipReport.Jul2012.pdf.
   Google Scholar
• Fisher, B. , R.K. Turner , and P. Morling . 2009. “Defining and Classifying Ecosystem Services for Decision Making.” Ecological Economics 68: 643–653.
   Web of Science ®Google Scholar
• Guerry, A.D. , S. Polasky , J. Lubchenco , R. Chaplin-Kramer , G.C. Daily , R. Griffin , M. Ruckelshaus , et al. 2015. “Natural Capital and Ecosystem Services Informing Decisions: From Promise to Practice.” Proceedings of the National Academy of Science (US) 112 (24): 7348–7355.
   PubMed Web of Science ®Google Scholar
• Johnston, R.J. , and R.S. Rosenberger . 2010. “Methods, Trends and Controversies in Contemporary Benefit Transfer.” Journal of Economic Surveys 24: 479–510.
   Web of Science ®Google Scholar
• Johnston, R.J. , and L.M. Wainger . 2015. “Benefit Transfer for Ecosystem Service Valuation: An Introduction to Theory and Methods.” In Benefit Transfer of Environmental and Resource Values: A Guide for Researchers and Practitioners , edited by R.J. Johnston , J. Rolfe , R. Rosenberger , and R. Brouwer , 237–273. Amsterdam : Springer.
   Google Scholar
• Jones, C. , E. Branosky , M. Selman , and M. Perez . 2010. How Nutrient Trading Could Help Restore the Chesapeake Bay . Accessed 28 January 2016. Washington, DC: World Resources Institute. http://www.wri.org/sites/default/files/how_nutrient_trading_could_help_restore_the_chesapeake_bay.pdf.
   Google Scholar
• King, D. 1998. “The Dollar Value of Wetlands: Trap Set, Bait Taken, Don't Swallow.” National Wetlands Newsletter 20: 7–11.
   Google Scholar
• Kocian, M. , A. Fletcher , G. Schundler , D. Batker , A. Schwartz , and T. Briceno . 2015. The Trillion Dollar Asset: The Economic Value of the Long Island Sound basin . Tacoma, WA : Earth Economics.
   Google Scholar
• Lindhjem, H. , and S. Navrud . 2008. “How Reliable are Meta-Analyses for International Benefit Transfers?” Ecological Economics 66: 425–435.
   Web of Science ®Google Scholar
• Liu, S., R. Costanza , A. Troy , J. D'Aagostino , and W. Mates . 2010. “Valuing New Jersey's Ecosystem Services and Natural Capital: A Spatial Explicit Benefit Transfer Approach.” Journal of Environmental Management 45 (6): 1271–1285.
   Web of Science ®Google Scholar
• Mander, Ü. 2008. “Riparian Zone Management and Restoration.” In Encyclopedia of Ecology , edited by S.E. Jørgensen , and B. Fath , 3044–3061. Amsterdam : Elsevier.
   Google Scholar
• Mayer, P.M. , S.K. Reynolds, Jr. , M.D. McCutcheon , and T.J. Canfield . 2007. “Meta-Analysis of Nitrogen Removal in Riparian Buffers.” Journal of Environmental Quality 36: 1172–1180.
   PubMed Web of Science ®Google Scholar
• Natural Capital Project, Integrated Valuation of Ecosystem Services and Tradeoffs (InVEST) . 2015. Accessed 14 May 2015. http://www.naturalcapitalproject.org/InVEST.html.
   Google Scholar
• Pearce, D.W. 1998. “Auditing the Earth.” Environment 23: 25–28.
   Google Scholar
• Plummer, M.L. 2009. “Assessing Benefit Transfer for the Valuation of Ecosystem Services.” Frontiers in Ecology and the Environment 7: 38–45.
   Web of Science ®Google Scholar
• Polasky, S. , and H. Tallis . 2009. “Mapping and Valuing Ecosystem Services as an Approach for Conservation and Natural-Resource Management.” The Year in Ecology and Conservation Biology 1162: 265–283.
   Google Scholar
• Ribaudo, M. , J. Savage , and M.P. Aillery . 2014. “An Economic Assessment of Policy Options to Reduce Agricultural Pollutants in the Chesapeake Bay.” Economic Research Report 171880. Washington, DC: United States Department of Agriculture, Economic Research Service.
   Google Scholar
• Ricketts, T.H. , G.C. Daily , P.R. Ehrlich , and C.D. Michener . 2004. “Economic Value of Tropical Forest to Coffee Production.” Proceedings of the National Academy of Sciences 101 (34): 12579–12582.
   PubMed Web of Science ®Google Scholar
• Rupprecht, R. , C. Kilgore , and R. Gunther . 2009. “Riparian and Wetland Buffers for Water Quality Protection: A Review of Current Literature.” Stormwater: The Journal for Surface Water Quality Professionals 10 (8): 46–51.
   Google Scholar
• Simpson, R.D. , R.A. Sedjo , and J.W. Reid . 1996. “Valuing Biodiversity for Use in New Product Research.” Journal of Political Economy 104: 163–185.
   Web of Science ®Google Scholar
• Simpson, H. , E. Taylor , Y. Li , and B. Barber . 2013. “Texas Statewide Assessment of Forest Ecosystem Services: A Comprehensive Analysis of the Regulating and Cultural Services Provided by Texas Forests.” Accessed 28 January 2016. Texas A&M Forest Service. College Station, TX: Texas A&M University. http://texasforestservice.tamu.edu/uploadedFiles/TFSMain/Data_and_Analysis/Contact_Us(3)/Ecosystem%20Services%20-%20TX%20Statewide%20Assessment.pdf.
   Google Scholar
• Sweeney, B.W. , and J.D. Newbold . 2014. “Streamside Forest Buffer Width Needed to Protect Stream Water Quality, Habitat, and Organisms: A Literature Review.” JAWRA Journal of the American Water Resources Association 50: 560–584.
   Web of Science ®Google Scholar
• TEEB (The Economics of Ecosystems and biodiversity) . 2010. The Economics of Ecosystems and Biodiversity: Ecological and Economic Foundations . edited by Pushpam Kumar . London and Washington : Earthscan.
   Google Scholar
• United States Department of Agriculture, National Agricultural Statistics Service (NASS) . 2015. “Land Values: 2015 Summary.” Accessed 28 January 2016. http://usda.mannlib.cornell.edu/usda/current/AgriLandVa/AgriLandVa-08-05-2015.pdf.
   Google Scholar
• United States Environmental Protection Agency (EPA) . 2010. Guidelines for Preparing Economic Analyses . Accessed 5 April 2016. https://yosemite.epa.gov/ee/epa/eerm.nsf/vwAN/EE-0568-50.pdf/$file/EE-0568-50.pdf.
   Google Scholar
• Vidon, P.G.F. , and A.R. Hill . 2004. “Landscape Controls on Nitrate Removal in Stream Riparian Zones.” Water Resources Research 40: W03201. doi:10.1029/2003WR002473.
   Web of Science ®Google Scholar
• Vincent, J.R. , I. Ahmad , N. Adnan , T. Burwell , S. Pattanayak , J.S. Tan-Soo , and K. Thomas . 2015. “Valuing Water Purification by Forests: An Analysis of Malaysian Panel Data.” Environmental and Resource Economics 64 (1): 59–80.
   Web of Science ®Google Scholar
• Weissteiner, C.J. , F. Bouraoui , and A. Aloe . 2013. “Reduction of Nitrogen and Phosphorus Loads to European Rivers by Riparian Buffer Zones.” Knowledge and Management of Aquatic Ecosystems . http://www.kmae-journal.org/articles/kmae/abs/2013/01/kmae120083/kmae120083.html
   Web of Science ®Google Scholar
• Weller, D.E. , M.E. Baker , and T.E. Jordan . 2011. “Effects of Riparian Buffers on Nitrate Concentrations in Watershed Discharges: New Models and Management Implications.” Ecological Applications 21 (5): 1679–1695.
   PubMed Web of Science ®Google Scholar