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The Use of Ecosystem Services Approach in Guiding Water Valuation and Management: Inland and Coastal Waters

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  • Phoebe Koundouri
  • Osiel Gonzalez Davila

Abstract

In this chapter we develop an interdisciplinary methodology for identifying water-related ecosystem functions into ecosystem services for humans, which are then monetarily evaluated using market and non-market valuation methods. We then apply this methodology to selected case studies on inland and coastal waters and show how these results facilitate the implementation of the EU Water Framework Directive and the EU Marine Strategy Framework Directive.

Suggested Citation

  • Phoebe Koundouri & Osiel Gonzalez Davila, 2013. "The Use of Ecosystem Services Approach in Guiding Water Valuation and Management: Inland and Coastal Waters," DEOS Working Papers 1334, Athens University of Economics and Business.
    • Handle: RePEc:aue:wpaper:1334
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    File URL: http://wpa.deos.aueb.gr/docs/Use.of.Ecosystem.Services.pdf
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    References listed on IDEAS

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    1. Phoebe Koundouri & Ekin Birol, 2011. "Water Resources Allocation:Policy & Socioeconomic Issues in Cyprus," DEOS Working Papers 1136, Athens University of Economics and Business.
    2. Christian Gollier & Phoebe Koundouri & Theologos Pantelidis, 2008. "Declining discount rates: Economic justifications and implications for long-run policy [‘Regime switches in interest rates’]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 23(56), pages 758-795.
    3. Kirchhoff, Stefanie & Colby, Bonnie G. & LaFrance, Jeffrey T., 1997. "Evaluating the Performance of Benefit Transfer: An Empirical Inquiry," Journal of Environmental Economics and Management, Elsevier, vol. 33(1), pages 75-93, May.
    4. Pedro Diaz & Phoebe Koundouri & Benedique Rulleau & Remoundou Kyriaki, 2012. "Valuing Climate Change Mitigation in Coastal Environments Exposed to Extreme Natural Hazards: A choice experiment simulated for different time horizons," DEOS Working Papers 1203, Athens University of Economics and Business.
    5. Birol, Ekin & Koundouri, Phoebe & Kountouris, Yiannis, 2010. "Assessing the economic viability of alternative water resources in water-scarce regions: Combining economic valuation, cost-benefit analysis and discounting," Ecological Economics, Elsevier, vol. 69(4), pages 839-847, February.
    6. Phoebe Koundouri, 2004. "Current Issues in the Economics of Groundwater Resource Management," Journal of Economic Surveys, Wiley Blackwell, vol. 18(5), pages 703-740, December.
    7. Koundouri, Phoebe, 2000. "Three approaches to measuring natural resource scarcity: theory and application to groundwater," MPRA Paper 38265, University Library of Munich, Germany.
    8. P.M.S. Jones, 1994. "The Value of Diversity," Energy & Environment, , vol. 5(3), pages 215-225, September.
    9. Maria Kaika, 2003. "The Water Framework Directive: A New Directive for a Changing Social, Political and Economic European Framework," European Planning Studies, Taylor & Francis Journals, vol. 11(3), pages 299-316.
    10. Peter A. Diamond & Jerry A. Hausman, 1994. "Contingent Valuation: Is Some Number Better than No Number?," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 45-64, Fall.
    11. Jeff Bennett & Russell Blamey (ed.), 2001. "The Choice Modelling Approach to Environmental Valuation," Books, Edward Elgar Publishing, number 2028.
    12. Phoebe Koundouri & Eva Kougea & Marva Stithou & Pertti Ala-Aho & Riku Eskelinen & Timo Karjalainen & Bjorn Klove & Manuel Pulido-Velazquez & Kalle Reinikainen & Pekka Rossi, 2011. "The Value of Scientific Information on Climate Change: A Choice Experiment on Rokua esker, Finland," DEOS Working Papers 1132, Athens University of Economics and Business.
    13. Phoebe Koundouri & Kyriaki Remoundou & Yiannis Kountouris, 2010. "A Note on the Implementation of the Economics of the EU Water Framework Directive under Data Limitations: A rapid appraisal approach," DEOS Working Papers 1008, Athens University of Economics and Business.
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    Cited by:

    1. Stella Apostolaki & Phoebe Koundouri & Nikitas Pittis, 2019. "Using a systemic approach to address the requirement for Integrated Water Resource Management within the Water Framework Directive," DEOS Working Papers 1910, Athens University of Economics and Business.
    2. Koundouri, Phoebe & Rault, P. Ker & Pergamalis, V. & Skianis, V. & Souliotis, I., 2015. "Development of an integrated methodology for the sustainableenvironmental and socio-economic management of river ecosystems," LSE Research Online Documents on Economics 64458, London School of Economics and Political Science, LSE Library.
    3. Phoebe Koundouri & Vassilis Skianis, 2015. "Socio-Economics and Water Management: Revisiting the Contribution of Economics in the Implementation of the Water Framework Directive in Greece and Cyprus," DEOS Working Papers 1506, Athens University of Economics and Business.
    4. Stella Apostolaki & Ebun Akinsete & Stella Tsani & Phoebe Koundouri & Nikitas Pittis & Eleftherios Levantis, 2019. "Assessing the Effectiveness of the WFD as a Tool to Address Different Levels of Water Scarcity Based on Two Case Studies of the Mediterranean Region," DEOS Working Papers 1909, Athens University of Economics and Business.

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