Title
Inclusive ecosystem services valuation Inclusive ecosystem services valuation
Author
Faculty/Department
Faculty of Sciences. Biology
Faculty of Social Sciences. Sociology
Publication type
bookPart
Publication
Amsterdam :Elsevier, [*]
Subject
Economics
Biology
Source (book)
Ecosystem services : global issues, local practices. - Amsterdam, 2014
ISBN
978-0-12-419964-4
Carrier
E
Target language
English (eng)
Full text (Publishers DOI)
Affiliation
University of Antwerp
Abstract
This chapter discusses the concept of ecosystem services valuation. It argues that beyond monetary valuation, ES valuation should also take into account ecological and social values. Valuation should be geared toward strong sustainability in order to improve the well-being of every individual and society, now and in the future. Following a systemic approach, bundles of ES should be valued together. When systems are far from critical thresholds, valuing changes through various alternatives is appropriate. Deliberative multicriteria decision tools could be appropriate to collectively value ES. However, when systems are close to thresholds or tipping points, ecosystem service valuation will need to switch from choosing among resources or alternatives to valuing the avoidance of catastrophic ecosystem change. Finally, it is important to remember that valuation is merely a tool and not a solution in itself. When one is valuing for sustainability, the questions of politics, governance, and institutions cannot be ignored.
Handle