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A framework for valuing spatially targeted peatland restoration

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  • Glenk, Klaus
  • Schaafsma, Marije
  • Moxey, Andrew
  • Martin-Ortega, Julia
  • Hanley, Nick

Abstract

Recent evidence suggests that the degree of degradation of peatlands is substantial, and that there is a significant potential to enhance the delivery of a wide range of ecosystem services by investing in peatland restoration. However, little is known about the social welfare impacts of peatland restoration and in particular how to spatially target restoration activities to maximise net benefits from investments in restoration. This paper investigates the steps required to conduct a spatially explicit economic impact assessment of peatland restoration, and highlights and discusses key requirements and issues associated with such an assessment. We find that spatially explicit modelling of the biophysical impacts of restoration over time is challenging due to non-linear effects and interaction effects. This has repercussions for the spatially explicit assessment of costs and benefits, which in itself is a demanding task. We conclude that the gains of investing in the research needed to conduct such an assessment can be high, both in terms of advancing science and in terms of providing useful information for decision makers.

Suggested Citation

  • Glenk, Klaus & Schaafsma, Marije & Moxey, Andrew & Martin-Ortega, Julia & Hanley, Nick, 2014. "A framework for valuing spatially targeted peatland restoration," Ecosystem Services, Elsevier, vol. 9(C), pages 20-33.
    • Handle: RePEc:eee:ecoser:v:9:y:2014:i:c:p:20-33
    DOI: 10.1016/j.ecoser.2014.02.008
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    Cited by:

    1. Reed, Mark S. & Moxey, Andrew & Prager, Katrin & Hanley, Nick & Skates, James & Bonn, Aletta & Evans, Chris D. & Glenk, Klaus & Thomson, Ken, 2014. "Improving the link between payments and the provision of ecosystem services in agri-environment schemes," Ecosystem Services, Elsevier, vol. 9(C), pages 44-53.
    2. Bonn, Aletta & Reed, Mark S. & Evans, Chris D. & Joosten, Hans & Bain, Clifton & Farmer, Jenny & Emmer, Igino & Couwenberg, John & Moxey, Andrew & Artz, Rebekka & Tanneberger, Franziska & von Unger, M, 2014. "Investing in nature: Developing ecosystem service markets for peatland restoration," Ecosystem Services, Elsevier, vol. 9(C), pages 54-65.
    3. Juutinen, Artti & Saarimaa, Miia & Ojanen, Paavo & Sarkkola, Sakari & Haara, Arto & Karhu, Jouni & Nieminen, Mika & Minkkinen, Kari & Penttilä, Timo & Laatikainen, Matti & Tolvanen, Anne, 2019. "Trade-offs between economic returns, biodiversity, and ecosystem services in the selection of energy peat production sites," Ecosystem Services, Elsevier, vol. 40(C).
    4. van den Belt, Marjan & Stevens, Sharon M., 2016. "Transformative agenda, or lost in the translation? A review of top-cited articles in the first four years of Ecosystem Services," Ecosystem Services, Elsevier, vol. 22(PA), pages 60-72.

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