Ecosystem evaluation – a masterclass
In these short videos Prof Ian Bateman (UEA) looks at the latest thinking behind the economic valuation of environmental assets. In them he:
- sets out the basic principals and assumptions
- explains how to go about obtaining monetary equivalent values in practice
- explores the advantages for improving policy decisions
- addresses some of the misconceptions and limitations
While is it increasingly seen to be essential to factor the value of natural ecosystem services (such as the provision of clean water, fresh air and fertile soil) in policy making, addressing this in specific contexts and applying it to real world situations is still a challenge.
Ian draws on approaches and assessments used in the UK National Ecosystem Assessment (UKNEA) to explore it is this important to do this? In doing so he explores how this relates to biodiversity loss and the value of living species.
Ian is chairman of the Valuing Nature Network (VNN) and a member of the Natural Capital Committee which advises HMG on the state of English Natural Capital through the Economic Affairs Cabinet Committee, chaired by the Chancellor of the Exchequer.
See also in UK Resources: The Lawton Report – Making Space for Nature; The UKNEA; UK Environment Whitepaper – The natural choice;UK Biodiversity 2020 strategy