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Ecosystem service value assessment for constructed wetlands: A case study in Hangzhou, China

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  • Yang, Wu
  • Chang, Jie
  • Xu, Bin
  • Peng, Changhui
  • Ge, Ying
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    Abstract

    Based on a comprehensive analysis of various classifications of natural resource values, we summarized an ecological economic value system of constructed wetland (CW) ecosystems for treating eutrophic water. Using the CW located at the Hangzhou Botanical Garden as an example, the contingent valuation method (CVM) and shadow project approach (SPA) were applied to estimate the economic values of CW system ecosystem services. The CVM estimated a value of 800,000 yuan (yuan: Chinese Currency, 7.6 yuan = 1 USD as of August, 2007) as the total economic value of the CW in a twenty year period. Meanwhile, the SPA calculated a value of 23.04 million yuan as the total economic value of the CW in a twenty year period. It is determined that compared to the CVM, the SPA provides a more approximate value of the true monetary value of the Hangzhou Botanical Garden CW. This study could fill the gap of knowledge and provide a benchmark when evaluating constructed ecosystem services and help policy makers to promote the development of constructed wetlands in China.

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    Bibliographic Info

    Article provided by Elsevier in its journal Ecological Economics.

    Volume (Year): 68 (2008)
    Issue (Month): 1-2 (December)
    Pages: 116-125

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    Handle: RePEc:eee:ecolec:v:68:y:2008:i:1-2:p:116-125

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    Web page: http://www.elsevier.com/locate/ecolecon

    Related research

    Keywords: Contingent valuation method Cost-benefit analysis Economic valuation Shadow price Shadow project approach Willingness to pay;

    References

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    Citations

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    Cited by:
    1. Neville D Crossman & Jeffrey D Connor & Brett A Bryan & David A Summers & John Ginnivan, 2009. "Reconfiguring an Irrigation Landscape to Improve Provision of Ecosystem Services," Socio-Economics and the Environment in Discussion (SEED) Working Paper Series 2009-07, CSIRO Sustainable Ecosystems.
    2. Andrea Ghermandi & Jeroen C.J.M. van den Bergh & Luke M. Brander & Henri L.F. de Groot & Paulo A.L.D. Nunes, 2009. "The Values of Natural and Constructed Wetlands: A Meta-Analysis," Tinbergen Institute Discussion Papers 09-080/3, Tinbergen Institute.
    3. Wang, Xuan & Chen, Weiqi & Zhang, Luoping & Jin, Di & Lu, Changyi, 2010. "Estimating the ecosystem service losses from proposed land reclamation projects: A case study in Xiamen," Ecological Economics, Elsevier, vol. 69(12), pages 2549-2556, October.
    4. Crossman, Neville D. & Connor, Jeffrey D. & Bryan, Brett A. & Summers, David M. & Ginnivan, John, 2010. "Reconfiguring an irrigation landscape to improve provision of ecosystem services," Ecological Economics, Elsevier, vol. 69(5), pages 1031-1042, March.
    5. Chang, Jie & Wu, Xu & Liu, Anqin & Wang, Yan & Xu, Bin & Yang, Wu & Meyerson, Laura A. & Gu, Baojing & Peng, Changhui & Ge, Ying, 2011. "Assessment of net ecosystem services of plastic greenhouse vegetable cultivation in China," Ecological Economics, Elsevier, vol. 70(4), pages 740-748, February.
    6. Doyle, Martin W. & Yates, Andrew J., 2010. "Stream ecosystem service markets under no-net-loss regulation," Ecological Economics, Elsevier, vol. 69(4), pages 820-827, February.
    7. Wang, Hua & Shi, Yuyan & Kim, Yoonhee & Kamata, Takuya, 2013. "Valuing water quality improvement in China: A case study of Lake Puzhehei in Yunnan Province," Ecological Economics, Elsevier, vol. 94(C), pages 56-65.
    8. Halkos, George, 2012. "Assessing the economic value of protecting artificial lakes," MPRA Paper 39557, University Library of Munich, Germany.
    9. Andrea Ghermandi & Jeroen C.J.M. van den Bergh & Luke M. Brander & Henri L.F. de Groot & Paulo A.L.D. Nunes, 2009. "The Values of Natural and Constructed Wetlands: A Meta-Analysis," Tinbergen Institute Discussion Papers 09-080/3, Tinbergen Institute.

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