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Confronting Uncertainty and Missing Values in Species Conservation Investment with Environmental Value Transfer

Author

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  • Sonia Akter

    (Crawford School of Public Policy, The Australian National University, Australia)

  • R. Quentin Grafton

    (Crawford School of Public Policy, The Australian National University, Australia)

Abstract

An important category of conservation benefits are non-use (or passive) values that are time-consuming and costly to quantify using direct surveys. In the absence of estimates of these values, there will likely be an underinvestment in conservation actions that generate substantial non-use benefits, such as species and biodiversity conservation. To improve conservation investment decision making, this paper explains why, when and how to use environmental value transfer (EVT) to derive indirect estimates of non-use value while accounting for the uncertainty associated with transferring values from one site to another. Key words: environmental value transfer, uncertainty, transfer error, species conservation, non-use values

Suggested Citation

  • Sonia Akter & R. Quentin Grafton, 2009. "Confronting Uncertainty and Missing Values in Species Conservation Investment with Environmental Value Transfer," Environmental Economics Research Hub Research Reports 0926, Environmental Economics Research Hub, Crawford School of Public Policy, The Australian National University, revised Sep 2009.
    • Handle: RePEc:een:eenhrr:0926
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    File URL: https://crawford.anu.edu.au/research_units/eerh/pdf/EERH_RR26.pdf
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    Cited by:

    1. Akter, Sonia & Grafton, R. Quentin & Merritt, Wendy S., 2014. "Integrated hydro-ecological and economic modeling of environmental flows: Macquarie Marshes, Australia," Agricultural Water Management, Elsevier, vol. 145(C), pages 98-109.

    More about this item

    Keywords

    environmental value transfer; uncertainty; transfer error; species conservation; non-use values;
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