Valuing Florida Water Resources: Summary by Regions

This article is a part of the EDIS series “Economic Value of Florida Water Resources” (see https://edis.ifas.ufl.edu/topic_series_valuing_florida_water_resources ). This series is aimed at helping water-resource professionals and interested citizens improve their knowledge of the economic value of goods and services provided by Florida water resources. The focus of this paper is specifically on supporting and regulating ecosystem services provided by Florida water resources.

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Valuing Florida Water Resources: Households’ Willingness to Pay for Water Availability

EDIS ◽

10.32473/edis-fe1068-2019 ◽

2019 ◽

Vol 2019 (6) ◽

pp. 8

Author(s):

Tatiana Borisova ◽

Fei He ◽

Xiang Bi ◽

Kelly Grogan ◽

Tara Wade ◽

...

Keyword(s):

Ecosystem Services ◽

Water Resources ◽

Willingness To Pay ◽

Water Supply ◽

Water Availability ◽

Ecosystem Service ◽

Economic Value ◽

The Other ◽

Goods And Services

This paper is a part of the EDIS series “Economic Value of Florida Water Resources”. As the other papers in the series discuss, water resources provide us with a variety of goods and services (often referred to as ecosystem services). This paper discusses another ecosystem service that Florida water resources provide: water supply for households needs. In this article, we present several examples of valuing water availability found in literature and focused on Florida and other regions.

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Valuing Florida Water Resources: Water Use in Irrigated Agriculture

EDIS ◽

10.32473/edis-fe1057-2019 ◽

2019 ◽

Vol 2019 (3) ◽

Author(s):

Tatiana Borisova ◽

Syed Irfan Ali Shah ◽

Tara Wade ◽

Kelly Grogan ◽

Xiang Bi

Keyword(s):

Ecosystem Services ◽

Water Resources ◽

Irrigation Water ◽

Economic Value ◽

Resource Economics ◽

Irrigated Agriculture ◽

Environmental Services ◽

Goods And Services ◽

Resource Protection ◽

Economics Department

Water resources provide us with a variety of goods and services (altogether often referred to as ecosystem services or environmental services.) Part of a series entitled Economic Value of Florida Water Resources, this 5-page fact sheet written by Tatiana Borisova, Syed Irfan Ali Shah, Tara Wade, Kelly Grogan, and Xiang Bi and published by the UF/IFAS Food and Resource Economics Department assesses the economic value of the ecosystem services provided by irrigation water and shows the importance to agriculture of water resource protection and restoration. http:edis.ifas.ufl.edu/fe1057

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The total economic value of forest ecosystem services in the tropical forests of Malaysia

International Forestry Review ◽

10.1505/146554820831255551 ◽

2020 ◽

Vol 22 (4) ◽

pp. 485-503

Author(s):

K.M. Nitanan ◽

A. Shuib ◽

R. Sridar ◽

V. Kunjuraman ◽

S. Zaiton ◽

...

Keyword(s):

Ecosystem Services ◽

Forest Ecosystem ◽

Economic Value ◽

Forest Products ◽

Relevant Information ◽

Goods And Services ◽

Forest Ecosystem Services ◽

Use Values ◽

Non Timber Forest Products ◽

Total Economic Value

Direct and indirect use of values and non-use values from forest ecosystem services perform an invaluable set of functions that cater to the needs of both living and non-living things. The values include market services obtained from timber and non-timber forest products, and non-market services (recreation, watershed protection and conservation value) were identified as components of the Total Economic Value (TEV). However, it is difficult to assign a monetary value to all goods and services provided by the forest. Failure to conserve the national park will result in the degradation of the forest and a reduction in the contribution of the forest ecosystem services to the community. Based on the result of this study, the TEV value of forest ecosystem services was estimated at RM 13 billion, and the estimation provides policy-relevant information for forest management and conservation purposes in Malaysia.

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An evaluation model of water-saving reconstruction projects based on resource value flows

Frontiers of Engineering Management ◽

10.1007/s42524-020-0144-y ◽

2020 ◽

Author(s):

Runwen Jiang ◽

Xiaohong Chen ◽

Lingchu Zhao ◽

Zhifang Zhou ◽

Tao Zhang

Keyword(s):

Water Resources ◽

Water Resource ◽

Water Resource Management ◽

Investment Decision ◽

Economic Value ◽

Water Saving ◽

Environmental Benefits ◽

Analysis Model ◽

Value Analysis ◽

Resource Flows

AbstractDue to uncertainties in water supply, there is growing demand for water resource management in enterprises. In this study, we evaluated the effects of companies’ water-saving reconstruction projects. We used Hina Advanced Materials Company as a case to construct an investment decision model to (1) calculate the internal and external costs of water resources based on circular economic value analysis theory, and (2) locate the level of water resources circulation. We adopted gray situation decision analysis to identify the typical problems that occur in water resource utilization. Moreover, we demonstrated optimization plans for different potential improvements, thereby providing guidance and references for water resource cost management and the comprehensive optimization of environmental benefits. We concluded that the circulation economic value analysis model can effectively display the flow and amount of value derived from water resource flows, thereby providing guidance and suggestions for optimizing water resource flows.

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The Elusive Quest for Valuation of Coastal and Marine Ecosystem Services

Water ◽

10.3390/w11071518 ◽

2019 ◽

Vol 11 (7) ◽

pp. 1518 ◽

Cited By ~ 2

Author(s):

J. Walter Milon ◽

Sergio Alvarez

Keyword(s):

Ecosystem Services ◽

Marine Ecosystem ◽

Economic Valuation ◽

Economic Value ◽

Terrestrial Ecosystems ◽

Services Research ◽

Goods And Services ◽

Geophysical Processes ◽

Marine Ecosystem Services ◽

Policy And Planning

Coastal and marine ecosystem (CME) services provide benefits to people through direct goods and services that may be harvested or enjoyed in situ and indirect services that regulate and support biological and geophysical processes now and in the future. In the past two decades, there has been an increase in the number of studies and journal articles designed to measure the economic value of the world’s CME services, although there is significantly less published research than for terrestrial ecosystems. This article provides a review of the literature on valuation of CME services along with a discussion of the theoretical and practical challenges that must be overcome to utilize valuation results in CME policy and planning at local, regional, and global scales. The review reveals that significant gaps exist in research and understanding of the broad range of CME services and their economic values. It also raises questions about the validity of aggregating ecosystem services as independent components to determine the value of a biome when there is little understanding of the relationships and feedbacks between ecosystems and the services they produce. Finally, the review indicates that economic valuation of CME services has had a negligible impact on the policy process in four main regions around the world. An alternative direction for CME services research would focus on valuing the world’s CME services in a wealth accounting framework.

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Potential Economic Value of Water Resource Sustainability for Sustainable Environment: A Case Study in South Sumatra, Indonesia

10.21203/rs.3.rs-497953/v1 ◽

2021 ◽

Author(s):

Restu Juniah ◽

Muhammad Taufik Toha ◽

Syaifudin Zakir ◽

Hisni Rahmi

Keyword(s):

Drinking Water ◽

Water Resources ◽

Water Resource ◽

Economic Value ◽

Water Utilization ◽

Resource Sustainability ◽

Sustainable Environment ◽

Drinking Water Resources ◽

Sustainability Concept ◽

Economic Value Of Water

Abstract Effective water resource management offers a very significant value across social, economic, commercial and environmental application. For this fundamental reason, adequate sustainability becomes equally crucial. Therefore, activities geared towards the depletion in quantity, quality, and loss of potable water resources, particularly for communities, demand urgent reconsiderations. Erosion in coal mining land causes depletion in water quantity and quality, as well as inadequate drinking water resources for surrounding communities, making water resources unsustainable. Meanwhile, reclamation reduces erosion, but is unable to restore water depletion optimally, thus, these resources remain unsustainable. these resources remain unsustainable. However, recycling depleted water utilization for drinking provides economic value for the environment, as well as the community’s drinking water resources’ availability and sustainability. The objectives of this study were to develop water resource sustainability concept for a sustainable environment by analyzing the potential economic value and secondly, calculate the water resource value due to erosion, reclamation, domestic and economic importance, by recycling efforts. The method used in this study was the Extended NPV. Furthermore, the total potential economic value of water resources loss resulting in water resource unsustainability was IDR 1,137,621,671,375 or IDR 1.14 trillion, while the potential economic value of depleted water utilization for drinking was IDR 2,298,339,797,000 or IDR 2.3 trillion. Therefore, this utilization provides potential economic value worth IDR 1.16 trillion, for the resources’ sustainability in the TAL area of PTBA. The study’s results found and recommended depleted water utilization for drinking as a suitable method to replace water resources lost due to erosion, community drinking water resource loss, and to discover a sustainable environment’s water resources sustainability concept. In addition, the study formulates environmental economics as a new mining science related to natural resource economics as well as mining, for sustainable water resources and mining environment.

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Spatial conservation areas for water yield hydrological ecosystem services with their economic values effects under climate change: a case study of Teshio watershed located in northernmost of Japan

Hydrology Research ◽

10.2166/nh.2019.009 ◽

2019 ◽

Vol 50 (6) ◽

pp. 1679-1709 ◽

Cited By ~ 2

Author(s):

Min Fan ◽

Daniel Ocloo Mawuko ◽

Hideaki Shibata ◽

Wei Ou

Keyword(s):

Climate Change ◽

Ecosystem Services ◽

Water Resources ◽

Climate Changes ◽

Economic Value ◽

Electricity Production ◽

Water Yield ◽

Conservation Areas ◽

Economic Values ◽

Hydro Power

Abstract Water resources prioritization conservation planners are increasingly becoming aware of the economic value of water supply ecosystem services (ESs) under climate changes. Here we assessed how the water yield ES framework is implemented in the current spatial prioritization conservation of the water resources under climate change across the Teshio River watershed. We applied the systematic conservation model to optimize the area for water resources which satisfied the protection targets with and without considering economic values of the water yield provision service. The model indicated that the areas of spatial optimal ES protection for water yield with considering economic values were totally different from those without considering economic values of water resources. The optimal priority conservation areas were concentrated in southwestern, southeastern, and some northern areas of this watershed. These places could guarantee water resources sustainability from both environmental protection and socio-economic development standpoints. Moreover, the spatial priority conservation areas for water yield with economic value from hydro-power electricity production were traded off against the areas for water yield with economic values from resident water-use and irrigation for rice. Therefore, the systematic conservation planning of water yield with economic values under climate changes may provide a useful argument to promote the conservation of water resources.

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The Identification of Mangrove Ecosystem Services for Decision Making

SHS Web of Conferences ◽

10.1051/shsconf/20208601019 ◽

2020 ◽

Vol 86 ◽

pp. 01019

Author(s):

Suharno ◽

Emmy Saraswati

Keyword(s):

Decision Making ◽

Ecosystem Services ◽

Land Use Planning ◽

Economic Value ◽

Mangrove Ecosystem ◽

Business Practices ◽

Natural Ecosystems ◽

Sustainable Business ◽

Human Welfare ◽

Goods And Services

Directly or indirectly, goods and services available in natural ecosystems will contribute to human welfare. The human ability to calculate the economic value of ecosystem goods and services is an important thing to do for integrated environmental decision making, sustainable business practices, and land use planning with its geographical scale, and the level of local-social wisdom. For this reason, a comprehensive review and study are needed by analyzing mangrove ecosystem services. Discussions with in-depth descriptive methods are applied to evaluate mangrove ecosystem services specifically, and focus methods and techniques are used for data analysis, and further to understand their potential and disadvantages.

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THE SPECIFICS OF THE COST MEASUREMENT OF THE ECOSYSTEM SERVICES IN DETERMINING THE DAMAGE FROM ENVIRONMENTAL POLLUTION

Economy of Ukraine ◽

10.15407/economyukr.2019.06.054 ◽

2019 ◽

Vol 2019 (6) ◽

pp. 54-78

Author(s):

Oksana VEKLYCH ◽

Keyword(s):

Ecosystem Services ◽

Environmental Pollution ◽

Cost Estimation ◽

Economic Value ◽

Economic Damage ◽

Ecosystem Goods And Services ◽

Goods And Services ◽

Cost Measurement ◽

The Cost ◽

First Time

The formalization of the economic damage from the deterioration/destruction of ecosystem services is carried out. On this basis, its output component is designated: the indicator of harm to ecosystem goods and services as assets of natural capital. For the first time, meaningful content of economic damage from the loss of ecosystem goods and services is revealed. Its content is based on the cost estimation of the total amount of harm caused to them (1), the volume of relevant public expenditure and financial resources to replace certain types of ecosystem services, which are lost in whole or in part (2), the costs necessary to prevent harm from the negative socioeconomic and environmental consequences of the loss of ecosystem services (3) and the elimination of these losses (4), as well as lost profits from lost opportunities (income) due to degraded ecosystem services and the resulting social costs (5). It is substantiated that in determining the overall rate of economic damage from environmental pollution by the ecosystem objects, its key parameter is exactly the cost measurement of the value of ecosystem services on the basis of an economic assessment of the degradation changes of ecosystem producers. A consistent parameterization of the economic value of ecosystem services is presented and the applied results of cost estimation of ecosystem services are generalized. These results provide reference methodological support for similar evaluation by other developers, in particular, professional appraisers licensed by the Ministry of Ecology and Natural Resources of Ukraine. The author introduces into scientific use the provisions on determining the economic value of ecosystem services and their contribution to well-being, which were set out in the four most important constitutional official documents developed by the United Nations Statistical Commission, FAO, the IMF and the World Bank in 2012-2017. For the first time, the estimated cost of ecosystem services for the Dnipro river Basin within Ukraine, including the Kiev Region, is calculated. A double excess of the value of ecosystem services of Kiev area (as the region of the middle reaches of the Dnipro Basin) over the value of the regional gross product for the same time period was found. The author proves the necessity to take into account the significant contribution of ecosystem services (or, conversely, their losses) to public income in order to create a scientifically plausible basis for making more substantiated and credible practical decisions when forming and implementing the socio-economic and environmental policies.

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