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Monetary accounting of ecosystem services: A test case for Limburg province, the Netherlands

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  • Remme, Roy P.
  • Edens, Bram
  • Schröter, Matthias
  • Hein, Lars

Abstract

Ecosystem accounting aims to provide a better understanding of ecosystem contributions to the economy in a spatially explicit way. Ecosystem accounting monitors ecosystem services and measures their monetary value using exchange values consistent with the System of National Accounts (SNA). We pilot monetary ecosystem accounting in a case study in Limburg province, the Netherlands. Seven ecosystem services are modelled and valued: crop production, fodder production, drinking water production, air quality regulation, carbon sequestration, nature tourism and hunting. We develop monetary ecosystem accounts that specify values generated by ecosystem services per hectare, per municipality and per land cover type. We analyse the relative importance of public and private ecosystem services. We found that the SNA-aligned monetary value of modelled ecosystem services for Limburg was around €112 million in 2010, with an average value of €508 per hectare. Ecosystem services with the highest values were crop production, nature tourism and fodder production. Due to the exclusion of consumer surplus in SNA valuation, calculated values are considerably lower than those typically found in welfare-based valuation approaches. We demonstrate the feasibility of valuing ecosystem services in a national accounting framework.

Suggested Citation

  • Remme, Roy P. & Edens, Bram & Schröter, Matthias & Hein, Lars, 2015. "Monetary accounting of ecosystem services: A test case for Limburg province, the Netherlands," Ecological Economics, Elsevier, vol. 112(C), pages 116-128.
  • Handle: RePEc:eee:ecolec:v:112:y:2015:i:c:p:116-128
    DOI: 10.1016/j.ecolecon.2015.02.015
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    References listed on IDEAS

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    1. repec:eee:ecomod:v:377:y:2018:i:c:p:51-65 is not listed on IDEAS
    2. repec:eee:ecoser:v:21:y:2016:i:pa:p:109-119 is not listed on IDEAS
    3. repec:eee:ecomod:v:368:y:2018:i:c:p:411-424 is not listed on IDEAS
    4. Alejandro Caparrós & José L. Oviedo & Alejandro Álvarez & Pablo Campos, 2015. "Simulated exchange values and ecosystem accounting," Working Papers 1512, Instituto de Políticas y Bienes Públicos (IPP), CSIC.
    5. Pablo Campos & Paola Ovando & Bruno Mesa & Jose L. Oviedo, 2015. "Renta ambiental de los pastos en fincas privadas agroforestales de Andalucía," Working Papers 1506, Instituto de Políticas y Bienes Públicos (IPP), CSIC.
    6. Pablo Campos & Bruno Mesa & Francisco M. Castaño & Alejandro Álvarez & Fernando J. Pulido, 2017. "Economía de la actividad forestal privada del propietario de la dehesa de la luz," Working Papers 1703, Instituto de Políticas y Bienes Públicos (IPP), CSIC.
    7. Polmann, Nico, 2015. "Farmers in metropolitan areas: managers of natural capital," 147th Seminar, October 7-8, 2015, Sofia, Bulgaria 212253, European Association of Agricultural Economists.
    8. Ovando, Paola & Campos, Pablo & Oviedo, José L. & Caparrós, Alejandro, 2016. "Ecosystem accounting for measuring total income in private and public agroforestry farms," Forest Policy and Economics, Elsevier, vol. 71(C), pages 43-51.
    9. repec:eee:ecolec:v:139:y:2017:i:c:p:140-149 is not listed on IDEAS

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