Economic valuation of environmental goods and services in the context of good ecosystem governance

Water Policy ◽  
2007 ◽  
Vol 9 (S2) ◽  
pp. 51-67 ◽  
Author(s):  
N. A. King
Keyword(s):  
Natural Resources ◽  
Good Governance ◽  
Economic Valuation ◽  
Sustainable Use ◽  
Environmental Goods ◽  
Goods And Services ◽  
True Value ◽  
Capital Injections ◽  
Environmental Goods And Services

A central concern of governments, societies and aid institutions is to support the development process in order to provide stability and raise the welfare of underdeveloped countries. Historically, development models have focused on capital injections for infrastructure, education and health in order to promote financial and social returns to society. Today, development concerns incorporate the paradigm of “sustainable development” and hence a new focus on the efficient and sustainable use of natural resources. Many of these resources are public goods and are difficult to capture in traditional economic models of development. Typically, they have been undervalued and overused. As natural resources become scarcer, governments, society and the private sector need to find interrelated solutions in order to manage them sustainably. Central to the effective management of these environmental goods and services is the role of good governance, defined here as an interplay between society, science and government. This paper considers the role of economics and value in the governance trialogue; it is based on the economic perspective and not that of political science. It focuses primarily on the role of economic valuation as a tool for addressing the inefficient use of environmental goods and services, and by doing so incorporates their “true” value in the decision-making process around environmental management, leading to good governance.

scholarly journals Environmental goods and services sector

2016 ◽  
Author(s):  
Elzbieta Broniewicz
Keyword(s):  
European Union ◽  
Environmental Economic ◽  
Natural Resources ◽  
Economic Activity ◽  
National Accounts ◽  
Environmental Goods ◽  
Services Sector ◽  
Goods And Services ◽  
European Union Countries ◽  
Environmental Goods And Services

The main objective of the following paper is to present the Environmental Goods and Services Sector (EGSS) in European Union countries. The Environmental Goods and Services Sector is one of the modules of environmental economic accounts, as satellite accounts in relation to national accounts. The first part of the paper gives an overiew of EGSS definitions and classifications. In second part, the comparison between the EGSS variables in certain EU countries was made. The output, export and employment of the Environmental Goods and Services System were analyzed. The data is presented by environmental protection domains and natural resources managements domains, as well as by economic activity.

scholarly journals Nature value: the evolution of this concept

2012 ◽  
Vol 36 (1) ◽  
pp. 9-15
Author(s):  
Sabrina Soares da Silva ◽  
Ricardo Pereira Reis ◽  
Patrícia Aparecida Ferreira
Keyword(s):  
Decision Making ◽  
Natural Resources ◽  
Environmental Degradation ◽  
Economic Valuation ◽  
Human Action ◽  
Decision Making Process ◽  
Environment Management ◽  
Goods And Services ◽  
Current Scenario ◽  
The Impact

More attention has been paid to environmental matters in recent years, mainly due to the current scenario of accentuated environmental degradation. The economic valuation of nature goods can contribute to the decision-making process in environment management, generating a more comprehensive informational base. This paper aims to present, in a historic perspective, the different concepts attributed to nature goods and were related to the current predominant perspectives of nature analyses. For this purpose, this paper presents the different concepts attributed to value since the pre-classical period, when nature were viewed as inert and passive providers of goods and services, this view legitimized nature's exploration without concern over the preservation and conservation of nature. The capacity of nature to absorb the impact of human action appears to be reaching its limit, considering the irreversibility, the irreproducibility and the possibility of collapse. The appropriate method for valuing natural resources is not known, but more important than the method is to respect and incorporate the particular characteristics of the nature goods into this process. These characteristics must be valuated in order to arrive at a more consistence approach to nature value and promote sustainability.

Cleaner Production in the Brazilian Sucroenergy Sector

2018 ◽  
pp. 72-91
Author(s):  
Jéssica Patricia Corrêa Brunhara ◽  
Rosana Pereira Corrêa ◽  
Sergio Ricardo Mazini
Keyword(s):  
Environmental Management ◽  
Natural Resources ◽  
Cleaner Production ◽  
Environmental Preservation ◽  
Final Disposal ◽  
Rational Use ◽  
Goods And Services ◽  
Industrial Expansion ◽  
Environmental Agents

This chapter presents a discussion about the real role of companies as social and environmental agents, which is increasingly gaining momentum and timeliness. With industrial expansion and increasing pollution, it has become imperative that companies assume not only the role of producers of goods and services, but also those responsible for the implementation of environmental management systems and their instruments. The Cleaner Production is a process in the production process that helps in the environmental preservation, since it establishes the following order of priority for waste management: elimination - reduction - reuse - treatment - final disposal. In the sugar-energy sector, considered as one of the greatest precursors of environmental degradation by deforestation and burning, Cleaner Production is fundamental for the rational use of natural resources and for minimizing the environmental impacts caused by productive operations.

scholarly journals Is there a need to audit CVM applications to the environment?

2014 ◽  
Vol 10 (4) ◽  
pp. 482-489
Author(s):  
S Hosking
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Contingent Valuation Method ◽  
Environmental Services ◽  
External Audit ◽  
Environmental Goods ◽  
Goods And Services ◽  
Valuation Method ◽  
Environmental Goods And Services

It is well known to economists that the contingent valuation method (CVM) fills an important gap in valuation technology with respect to managing public environmental goods and services.   Currently acceptable CVM practice requires many challenging steps to be followed.  One of these important steps is that of assessing the theoretical validity of the household willingness to pay (WTP) finding, but it is far from being a sufficient basis for reaching conclusions as to the credibility predicted community willingness to pay for environmental services.  This paper reviews the step of testing for theoretical validity and challenges its importance relative to other more fundamental assessments of the credibility of the predicted household and societal WTP.  This paper then deduces that an external ‘audit’ assessment may be necessary, in addition to an internal one, for these values to attain credibility in the determination of public choices.

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