Valuing ecosystem services in complex coastal settings: An extended ecosystem accounting framework for improved decision-making
What gets measured gets managed is an axiom common to the business world that also applies to the management of environmental assets and processes. But what is the most adequate way to measure ecosystem value to optimise ecosystem management? In this paper, we unpack three valuation frameworks often...
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ftcquniportalfig:oai:figshare.com:article/25529677 2024-04-28T08:19:02+00:00 Valuing ecosystem services in complex coastal settings: An extended ecosystem accounting framework for improved decision-making Jeremy De Valck Diane Jarvis Anthea Coggan Ella Schirru Petina Pert Victoria Graham Maxine Newlands 2023-09-01T00:00:00Z http://hdl.handle.net/10779/cqu.25529677.v1 unknown https://figshare.com/articles/journal_contribution/Valuing_ecosystem_services_in_complex_coastal_settings_An_extended_ecosystem_accounting_framework_for_improved_decision-making/25529677 http://hdl.handle.net/10779/cqu.25529677.v1 CC BY-NC 4.0 Environment and resource economics Ecological economics Aboriginal and Torres Strait Islander land and water management Environmental management Marine planning Natural capital Perspectives of First Nations Peoples System of Environmental Economic Accounting - Ecosystem Accounting (SEEA-EA) Total economic value Text Journal contribution 2023 ftcquniportalfig 2024-04-09T14:42:50Z What gets measured gets managed is an axiom common to the business world that also applies to the management of environmental assets and processes. But what is the most adequate way to measure ecosystem value to optimise ecosystem management? In this paper, we unpack three valuation frameworks often applied in understanding ecosystem services and their benefits: 1) the Ecosystem Services framework, operationalised by the United Nations System of Environmental Economic Accounting - Ecosystem Accounting (SEEA-EA) framework; 2) value-centric approaches operationalised by the Total Economic Value framework; and 3) First Nations Peoples (FNP) frameworks, which seek to capture values from FNPs’ perspective. By assessing the strengths and weaknesses of these value frameworks for managing the World’s largest reef ecosystem—the Australian Great Barrier Reef—we construct an extended SEEA-EA valuation framework tailored to complex coastal settings. The significance of our approach is the inclusion of the whole range of benefits from all coastal and marine uses and users and therefore the integration of non-market and FNP values into the more traditional market-based valuation approach. Assessments that jointly consider multiple values originating from these three different frameworks are more likely to produce sustainable management outcomes than more restrictive approaches. Article in Journal/Newspaper First Nations CQUniversity: acquire |
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Environment and resource economics Ecological economics Aboriginal and Torres Strait Islander land and water management Environmental management Marine planning Natural capital Perspectives of First Nations Peoples System of Environmental Economic Accounting - Ecosystem Accounting (SEEA-EA) Total economic value |
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Environment and resource economics Ecological economics Aboriginal and Torres Strait Islander land and water management Environmental management Marine planning Natural capital Perspectives of First Nations Peoples System of Environmental Economic Accounting - Ecosystem Accounting (SEEA-EA) Total economic value Jeremy De Valck Diane Jarvis Anthea Coggan Ella Schirru Petina Pert Victoria Graham Maxine Newlands Valuing ecosystem services in complex coastal settings: An extended ecosystem accounting framework for improved decision-making |
topic_facet |
Environment and resource economics Ecological economics Aboriginal and Torres Strait Islander land and water management Environmental management Marine planning Natural capital Perspectives of First Nations Peoples System of Environmental Economic Accounting - Ecosystem Accounting (SEEA-EA) Total economic value |
description |
What gets measured gets managed is an axiom common to the business world that also applies to the management of environmental assets and processes. But what is the most adequate way to measure ecosystem value to optimise ecosystem management? In this paper, we unpack three valuation frameworks often applied in understanding ecosystem services and their benefits: 1) the Ecosystem Services framework, operationalised by the United Nations System of Environmental Economic Accounting - Ecosystem Accounting (SEEA-EA) framework; 2) value-centric approaches operationalised by the Total Economic Value framework; and 3) First Nations Peoples (FNP) frameworks, which seek to capture values from FNPs’ perspective. By assessing the strengths and weaknesses of these value frameworks for managing the World’s largest reef ecosystem—the Australian Great Barrier Reef—we construct an extended SEEA-EA valuation framework tailored to complex coastal settings. The significance of our approach is the inclusion of the whole range of benefits from all coastal and marine uses and users and therefore the integration of non-market and FNP values into the more traditional market-based valuation approach. Assessments that jointly consider multiple values originating from these three different frameworks are more likely to produce sustainable management outcomes than more restrictive approaches. |
format |
Article in Journal/Newspaper |
author |
Jeremy De Valck Diane Jarvis Anthea Coggan Ella Schirru Petina Pert Victoria Graham Maxine Newlands |
author_facet |
Jeremy De Valck Diane Jarvis Anthea Coggan Ella Schirru Petina Pert Victoria Graham Maxine Newlands |
author_sort |
Jeremy De Valck |
title |
Valuing ecosystem services in complex coastal settings: An extended ecosystem accounting framework for improved decision-making |
title_short |
Valuing ecosystem services in complex coastal settings: An extended ecosystem accounting framework for improved decision-making |
title_full |
Valuing ecosystem services in complex coastal settings: An extended ecosystem accounting framework for improved decision-making |
title_fullStr |
Valuing ecosystem services in complex coastal settings: An extended ecosystem accounting framework for improved decision-making |
title_full_unstemmed |
Valuing ecosystem services in complex coastal settings: An extended ecosystem accounting framework for improved decision-making |
title_sort |
valuing ecosystem services in complex coastal settings: an extended ecosystem accounting framework for improved decision-making |
publishDate |
2023 |
url |
http://hdl.handle.net/10779/cqu.25529677.v1 |
genre |
First Nations |
genre_facet |
First Nations |
op_relation |
https://figshare.com/articles/journal_contribution/Valuing_ecosystem_services_in_complex_coastal_settings_An_extended_ecosystem_accounting_framework_for_improved_decision-making/25529677 http://hdl.handle.net/10779/cqu.25529677.v1 |
op_rights |
CC BY-NC 4.0 |
_version_ |
1797582746363625472 |