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E-session modules

Module 1 - Intro to economic valuation

To start off our e-session, let's have a look at economic valuation.

1.1 Readings

Please read ...

> How economic valuation can pay for conservation - a very short intro

> Economic tools for valuing freshwater and estuarine ecosystem services - a  succinct recent review

Also have a look at ...

> Economic values of protected areas - the IUCN WCPA guide including short case studies

> The biodiversity benefits of coral reef ecosystems  - includes three case studies

And if you would like to read more ...

> The economic value of biodiversity - now a classic book on the topic

> How much is an ecosystem worth? - a recent paper from the World Bank and IUCN

1.2 Web-based intro

An excellent introductory web site on economic valuation can be found at:

> www.ecosystemvaluation.org

Please have a look at the page on (a) The Big Picture and under Essentials of Ecosystem Valuation, the pages on (b) Basic Concepts of Economic Value and (c) Valuation of Ecosystem Services.

PDFs of these pages are also available:

> The Big Picture
> Basic Concepts of Economic Value
> Valuation of Ecosystem Services

1.3 Basic questions

What benefits do large marine ecosystems generate and to whom?

What costs do large marine ecosystems generate and to whom?

Who is interested in the benefits and costs of large marine ecosystems and why?

Such questions should be asked at the outset of any valuation exercise. Is there a generic set of answers to these questions for LMEs? If not, perhaps we should produce one.