IDEAS home Printed from https://ideas.repec.org/a/eee/ecoser/v50y2021ics2212041621000668.html
   My bibliography  Save this article

Accounting for benefits from natural capital: Applying a novel composite indicator framework to the marine environment

Author

Listed:
  • Stebbings, Emily
  • Hooper, Tara
  • Austen, Melanie C.
  • Papathanasopoulou, Eleni
  • Yan, Xiaoyu

Abstract

Increased emphasis on the natural capital approach in the UK has led to greater demand for methods that link economic sectors with elements of natural capital, and that can provide evidence for sustainable management of the environment. However, factors describing the supply of benefits, and their links with economic sectors, are not well defined.

Suggested Citation

  • Stebbings, Emily & Hooper, Tara & Austen, Melanie C. & Papathanasopoulou, Eleni & Yan, Xiaoyu, 2021. "Accounting for benefits from natural capital: Applying a novel composite indicator framework to the marine environment," Ecosystem Services, Elsevier, vol. 50(C).
  • Handle: RePEc:eee:ecoser:v:50:y:2021:i:c:s2212041621000668
    DOI: 10.1016/j.ecoser.2021.101308
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S2212041621000668
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.ecoser.2021.101308?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Mateo Cordier & José Pérez Agúndez & Walter Hecq & Bertrand Hamaide, 2013. "A guiding framework for ecosystem services monetization in ecological-economic modeling," Working Papers CEB 13-018, ULB -- Universite Libre de Bruxelles.
    2. Börger, Tobias & Beaumont, Nicola J. & Pendleton, Linwood & Boyle, Kevin J. & Cooper, Philip & Fletcher, Stephen & Haab, Tim & Hanemann, Michael & Hooper, Tara L. & Hussain, S. Salman & Portela, Rosim, 2014. "Incorporating ecosystem services in marine planning: The role of valuation," Marine Policy, Elsevier, vol. 46(C), pages 161-170.
    3. Georgina M Mace, 2019. "The ecology of natural capital accounting," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 35(1), pages 54-67.
    4. Paker, Neslihan & Vural, Ceren Altuntaş, 2016. "Customer segmentation for marinas: Evaluating marinas as destinations," Tourism Management, Elsevier, vol. 56(C), pages 156-171.
    5. Ruiz-Frau, Ana & Kaiser, Michel J. & Edwards-Jones, Gareth & Klein, Carissa J. & Segan, Daniel & Possingham, Hugh P., 2015. "Balancing extractive and non-extractive uses in marine conservation plans," Marine Policy, Elsevier, vol. 52(C), pages 11-18.
    6. Hooper, Tara & Börger, Tobias & Langmead, Olivia & Marcone, Oceane & Rees, Siân E & Rendon, Olivia & Beaumont, Nicola & Attrill, Martin J. & Austen, Melanie, 2019. "Applying the natural capital approach to decision making for the marine environment," Ecosystem Services, Elsevier, vol. 38(C), pages 1-1.
    7. F. Butter & M. Hofkes, 1995. "Sustainable development with extractive and non-extractive use of the environment in production," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 6(4), pages 341-358, December.
    8. Vallecillo, Sara & La Notte, Alessandra & Zulian, Grazia & Ferrini, Silvia & Maes, Joachim, 2019. "Ecosystem services accounts: Valuing the actual flow of nature-based recreation from ecosystems to people," Ecological Modelling, Elsevier, vol. 392(C), pages 196-211.
    9. Hooper, Tara & Beaumont, Nicola & Griffiths, Charly & Langmead, Olivia & Somerfield, Paul J., 2017. "Assessing the sensitivity of ecosystem services to changing pressures," Ecosystem Services, Elsevier, vol. 24(C), pages 160-169.
    10. Angel Bujosa & Antoni Riera & Robert Hicks & Kenneth McConnell, 2015. "Densities Rather than Shares: Improving the Measurement of Congestion in Recreation Demand Models," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 61(2), pages 127-140, June.
    11. Cordier, Mateo & Pérez Agúndez, José A. & Hecq, Walter & Hamaide, Bertrand, 2014. "A guiding framework for ecosystem services monetization in ecological–economic modeling," Ecosystem Services, Elsevier, vol. 8(C), pages 86-96.
    12. Isabelle Blanc & Damien Friot & Manuele Margni & Olivier Jolliet, 2008. "Towards a new index for environmental sustainability based on a DALY weighting approach," Sustainable Development, John Wiley & Sons, Ltd., vol. 16(4), pages 251-260.
    13. Luzzati, T. & Gucciardi, G., 2015. "A non-simplistic approach to composite indicators and rankings: an illustration by comparing the sustainability of the EU Countries," Ecological Economics, Elsevier, vol. 113(C), pages 25-38.
    14. Sedaghat, Ahmad & Hassanzadeh, Arash & Jamali, Jamaloddin & Mostafaeipour, Ali & Chen, Wei-Hsin, 2017. "Determination of rated wind speed for maximum annual energy production of variable speed wind turbines," Applied Energy, Elsevier, vol. 205(C), pages 781-789.
    15. Ochuodho, Thomas O. & Alavalapati, Janaki R.R., 2016. "Integrating natural capital into system of national accounts for policy analysis: An application of a computable general equilibrium model," Forest Policy and Economics, Elsevier, vol. 72(C), pages 99-105.
    16. Glenn-Marie Lange & Quentin Wodon & Kevin Carey, 2018. "The Changing Wealth of Nations 2018," World Bank Publications - Books, The World Bank Group, number 29001, December.
    17. Maes, Joachim & Liquete, Camino & Teller, Anne & Erhard, Markus & Paracchini, Maria Luisa & Barredo, José I. & Grizzetti, Bruna & Cardoso, Ana & Somma, Francesca & Petersen, Jan-Erik & Meiner, Andrus, 2016. "An indicator framework for assessing ecosystem services in support of the EU Biodiversity Strategy to 2020," Ecosystem Services, Elsevier, vol. 17(C), pages 14-23.
    18. Ian Dickie & Sophie Neupauer, 2019. "Natural capital accounts: nations and organizations," Journal of Environmental Economics and Policy, Taylor & Francis Journals, vol. 8(4), pages 379-393, October.
    19. Benjamin S. Halpern & Catherine Longo & Darren Hardy & Karen L. McLeod & Jameal F. Samhouri & Steven K. Katona & Kristin Kleisner & Sarah E. Lester & Jennifer O’Leary & Marla Ranelletti & Andrew A. Ro, 2012. "An index to assess the health and benefits of the global ocean," Nature, Nature, vol. 488(7413), pages 615-620, August.
    20. Jobstvogt, Niels & Watson, Verity & Kenter, Jasper O., 2014. "Looking below the surface: The cultural ecosystem service values of UK marine protected areas (MPAs)," Ecosystem Services, Elsevier, vol. 10(C), pages 97-110.
    21. John Curnow, 2019. "Environmental economics in UK environmental policy: Defra's 25 Year Environment Plan," Journal of Environmental Economics and Policy, Taylor & Francis Journals, vol. 8(4), pages 353-358, October.
    22. Edward B. Barbier, 2007. "Valuing ecosystem services as productive inputs [‘Valuing groundwater recharge through agricultural production in the Hadejia-Jama’are wetlands in northern Nigeria’]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 22(49), pages 178-229.
    23. Pollesch, N. & Dale, V.H., 2015. "Applications of aggregation theory to sustainability assessment," Ecological Economics, Elsevier, vol. 114(C), pages 117-127.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Tanner, Michael K. & Moity, Nicolas & Costa, Matthew T. & Marin Jarrin, Jose R. & Aburto-Oropeza, Octavio & Salinas-de-León, Pelayo, 2019. "Mangroves in the Galapagos: Ecosystem services and their valuation," Ecological Economics, Elsevier, vol. 160(C), pages 12-24.
    2. Qu, Yang & Hooper, Tara & Austen, Melanie C. & Papathanasopoulou, Eleni & Huang, Junling & Yan, Xiaoyu, 2023. "Development of a computable general equilibrium model based on integrated macroeconomic framework for ocean multi-use between offshore wind farms and fishing activities in Scotland," Applied Energy, Elsevier, vol. 332(C).
    3. Hattam, Caroline & Broszeit, Stefanie & Langmead, Olivia & Praptiwi, Radisti A. & Ching Lim, Voon & Creencia, Lota A. & Duc Hau, Tran & Maharja, Carya & Wulandari, Prawesti & Mitra Setia, Tatang & Sug, 2021. "A matrix approach to tropical marine ecosystem service assessments in South east Asia," Ecosystem Services, Elsevier, vol. 51(C).
    4. Ioannis Souliotis & Nikolaos Voulvoulis, 2021. "Natural Capital Accounting Informing Water Management Policies in Europe," Sustainability, MDPI, vol. 13(20), pages 1-24, October.
    5. Cavalletti, B. & Di Fabio, C. & Lagomarsino, E. & Ramassa, P., 2020. "Ecosystem accounting for marine protected areas: A proposed framework," Ecological Economics, Elsevier, vol. 173(C).
    6. Pascoe, Sean & Doshi, Amar & Kovac, Mladen & Austin, Angelica, 2019. "Estimating coastal and marine habitat values by combining multi-criteria methods with choice experiments," Ecosystem Services, Elsevier, vol. 38(C), pages 1-1.
    7. Vallecillo, Sara & La Notte, Alessandra & Ferrini, Silvia & Maes, Joachim, 2019. "How ecosystem services are changing: an accounting application at the EU level," Ecosystem Services, Elsevier, vol. 40(C).
    8. Scemama, Pierre & Mongruel, Rémi & Kermagoret, Charlène & Bailly, Denis & Carlier, Antoine & Mao, Patrick Le & Vaschalde, et Diane, 2022. "Guidance for stakeholder consultation to support national ecosystem services assessment: A case study from French marine assessment," Ecosystem Services, Elsevier, vol. 54(C).
    9. Potschin-Young, M. & Haines-Young, R. & Görg, C. & Heink, U. & Jax, K. & Schleyer, C., 2018. "Understanding the role of conceptual frameworks: Reading the ecosystem service cascade," Ecosystem Services, Elsevier, vol. 29(PC), pages 428-440.
    10. Bagstad, Kenneth J. & Ingram, Jane Carter & Shapiro, Carl D. & La Notte, Alessandra & Maes, Joachim & Vallecillo, Sara & Casey, C. Frank & Glynn, Pierre D. & Heris, Mehdi P. & Johnson, Justin A. & Lau, 2021. "Lessons learned from development of natural capital accounts in the United States and European Union," Ecosystem Services, Elsevier, vol. 52(C).
    11. Andrew M. Neill & Cathal O’Donoghue & Jane C. Stout, 2020. "A Natural Capital Lens for a Sustainable Bioeconomy: Determining the Unrealised and Unrecognised Services from Nature," Sustainability, MDPI, vol. 12(19), pages 1-24, September.
    12. Chaigneau, Tomas & Brown, Katrina & Coulthard, Sarah & Daw, Tim M. & Szaboova, Lucy, 2019. "Money, use and experience: Identifying the mechanisms through which ecosystem services contribute to wellbeing in coastal Kenya and Mozambique," Ecosystem Services, Elsevier, vol. 38(C), pages 1-1.
    13. Patrick Chavel & Hillel Fromm & Gil Rilov & Lewi Stone & Walter Hecq, 2019. "Cost-Benefit Analysis of the Achziv marine reserve expansion considering the Barcelona Convention and the EU Marine Strategy Framework Directive," Working Papers CEB 19-004, ULB -- Universite Libre de Bruxelles.
    14. Barth, Nina-Christin & Döll, Petra, 2016. "Assessing the ecosystem service flood protection of a riparian forest by applying a cascade approach," Ecosystem Services, Elsevier, vol. 21(PA), pages 39-52.
    15. Buonocore, Elvira & Donnarumma, Luigia & Appolloni, Luca & Miccio, Antonino & Russo, Giovanni F. & Franzese, Pier Paolo, 2020. "Marine natural capital and ecosystem services: An environmental accounting model," Ecological Modelling, Elsevier, vol. 424(C).
    16. Wai Soe Zin & Aya Suzuki & Kelvin S.-H. Peh & Alexandros Gasparatos, 2019. "Economic Value of Cultural Ecosystem Services from Recreation in Popa Mountain National Park, Myanmar: A Comparison of Two Rapid Valuation Techniques," Land, MDPI, vol. 8(12), pages 1-20, December.
    17. Hermes, Johannes & von Haaren, Christina & Schmücker, Dirk & Albert, Christian, 2021. "Nature-based recreation in Germany: Insights into volume and economic significance," Ecological Economics, Elsevier, vol. 188(C).
    18. Mateo Cordier & Takuro Uehara & Jeffrey Weih & Bertrand Hamaide, 2017. "An Input-output Economic Model Integrated Within a System Dynamics Ecological Model: Feedback Loop Methodology Applied to Fish Nursery Restoration," Post-Print hal-04166569, HAL.
    19. Gianluca Gucciardi, 2022. "Measuring the relative development and integration of EU countries’ capital markets using composite indicators and cluster analysis," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 158(4), pages 1043-1083, November.
    20. Nathalie Dumax & Anne Rozan & Bénédicte Rulleau, 2020. "“Adapted” Habitat Evaluation Procedure and Choice Experiment: Substitutes or Complements?," Water Economics and Policy (WEP), World Scientific Publishing Co. Pte. Ltd., vol. 6(02), pages 1-30, April.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecoser:v:50:y:2021:i:c:s2212041621000668. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: https://www.journals.elsevier.com/ecosystem-services .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.