IDEAS home Printed from https://ideas.repec.org/a/gam/jlands/v13y2024i9p1367-d1464418.html
   My bibliography  Save this article

Economic Valuation of Nature’s Contributions in the Antarctic: Extension of the Nature’s Contributions to People Conceptual Framework

Author

Listed:
  • Jinfang Pu

    (School of Public Administration and Policy, Renmin University of China, Beijing 100872, China)

  • Jinming Yan

    (School of Public Administration and Policy, Renmin University of China, Beijing 100872, China)

Abstract

The Antarctic region harbors abundant natural resources that constitute a common heritage site for humankind. However, given climate change and global resource scarcity, natural resource management has emerged as a pivotal issue in Antarctic governance. Assessing the value of natural resources is fundamental and crucial for ensuring their sustainable utilization and conservation. This study attempted to promote decision-makers’ understanding of the Antarctic using nature’s contribution to people (NCP) and provide an evaluation of the value of natural resources in the Antarctic, thereby contributing to sustainable global development. It developed a conceptual framework for evaluating natural resource values in the NCP, which includes scope delimitation, type identification, and value assessment. Economic value assessments were conducted for key NCPs in Antarctica. Based on existing biological, physical, and economic data, our initial estimates indicate that the economic value of the realized NCP is approximately 2.46 trillion CNY, with regulating NCP accounting for roughly 70% of the total value. If the potential NCP in the Antarctic were realized at foreseeable scientific and technological levels, the total economic value would reach approximately 105.62 trillion CNY. Regulating NCP accounted for most of the total value, but material NCP accounted for more than 20%. Overall, the development of natural resources and environmental protection are two sides of the same coin in the Antarctic, and there may be trade-offs between different NCPs. With increasing human activity, many NCP may be lost in the Antarctic region. This study develops a new perspective on the valuation of nature’s contributions to the Antarctic. The evaluation results can provide scientific evidence for decision-making and management of the development and utilization of natural resources in the Antarctic.

Suggested Citation

  • Jinfang Pu & Jinming Yan, 2024. "Economic Valuation of Nature’s Contributions in the Antarctic: Extension of the Nature’s Contributions to People Conceptual Framework," Land, MDPI, vol. 13(9), pages 1-20, August.
    • Handle: RePEc:gam:jlands:v:13:y:2024:i:9:p:1367-:d:1464418
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2073-445X/13/9/1367/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2073-445X/13/9/1367/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Kumagai, Junya & Wakamatsu, Mihoko & Hashimoto, Shizuka & Saito, Osamu & Yoshida, Takehito & Yamakita, Takehisa & Hori, Keiko & Matsui, Takanori & Oguro, Michio & Aiba, Masahiro & Shibata, Rei & Nakas, 2021. "Natural capitals for nature’s contributions to people: the case of Japan," MPRA Paper 106239, University Library of Munich, Germany.
    2. Katharine Ricke & Laurent Drouet & Ken Caldeira & Massimo Tavoni, 2018. "Country-level social cost of carbon," Nature Climate Change, Nature, vol. 8(10), pages 895-900, October.
    3. Shaun T. Brooks & Julia Jabour & John Hoff & Dana M. Bergstrom, 2019. "Our footprint on Antarctica competes with nature for rare ice-free land," Nature Sustainability, Nature, vol. 2(3), pages 185-190, March.
    4. Verbitsky, Jane, 2018. "Ecosystem services and Antarctica: The time has come?," Ecosystem Services, Elsevier, vol. 29(PB), pages 381-394.
    5. Czúcz, Bálint & Arany, Ildikó & Potschin-Young, Marion & Bereczki, Krisztina & Kertész, Miklós & Kiss, Márton & Aszalós, Réka & Haines-Young, Roy, 2018. "Where concepts meet the real world: A systematic review of ecosystem service indicators and their classification using CICES," Ecosystem Services, Elsevier, vol. 29(PA), pages 145-157.
    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. Pertierra, L.R. & Santos-Martin, F. & Hughes, K.A. & Avila, C. & Caceres, J.O. & De Filippo, D. & Gonzalez, S. & Grant, S.M. & Lynch, H. & Marina-Montes, C. & Quesada, A. & Tejedo, P. & Tin, T. & Bena, 2021. "Ecosystem services in Antarctica: Global assessment of the current state, future challenges and managing opportunities," Ecosystem Services, Elsevier, vol. 49(C).
    2. Guariso, Giorgio & Sangiorgio, Matteo, 2019. "Multi-objective planning of building stock renovation," Energy Policy, Elsevier, vol. 130(C), pages 101-110.
    3. Patrycja Klusak & Matthew Agarwala & Matt Burke & Moritz Kraemer & Kamiar Mohaddes, 2023. "Rising Temperatures, Falling Ratings: The Effect of Climate Change on Sovereign Creditworthiness," Management Science, INFORMS, vol. 69(12), pages 7468-7491, December.
    4. Yannic Rehm & Lucas Chancel, 2022. "Measuring the Carbon Content of Wealth Evidence from France and Germany," PSE Working Papers halshs-03828939, HAL.
    5. van der Hoff, Richard & Nascimento, Nathália & Fabrício-Neto, Ailton & Jaramillo-Giraldo, Carolina & Ambrosio, Geanderson & Arieira, Julia & Afonso Nobre, Carlos & Rajão, Raoni, 2022. "Policy-oriented ecosystem services research on tropical forests in South America: A systematic literature review," Ecosystem Services, Elsevier, vol. 56(C).
    6. Golinucci, Nicolò & Tonini, Francesco & Rocco, Matteo Vincenzo & Colombo, Emanuela, 2023. "Towards BitCO2, an individual consumption-based carbon emission reduction mechanism," Energy Policy, Elsevier, vol. 183(C).
    7. Lavin, Luke & Apt, Jay, 2021. "The importance of peak pricing in realizing system benefits from distributed storage," Energy Policy, Elsevier, vol. 157(C).
    8. Ghodeswar, Archana & Oliver, Matthew E., 2022. "Trading one waste for another? Unintended consequences of fly ash reuse in the Indian electric power sector," Energy Policy, Elsevier, vol. 165(C).
    9. Liu, Chunyu & Zheng, Xinrui & Yang, Haibin & Tang, Waiching & Sang, Guochen & Cui, Hongzhi, 2023. "Techno-economic evaluation of energy storage systems for concentrated solar power plants using the Monte Carlo method," Applied Energy, Elsevier, vol. 352(C).
    10. Zhang, Tong & Burke, Paul J. & Wang, Qi, 2024. "Effectiveness of electric vehicle subsidies in China: A three-dimensional panel study," Resource and Energy Economics, Elsevier, vol. 76(C).
    11. Bingtao Quan & Sujian Li & Kuo-Jui Wu, 2022. "Optimizing the Vehicle Scheduling Problem for Just-in-Time Delivery Considering Carbon Emissions and Atmospheric Particulate Matter," Sustainability, MDPI, vol. 14(10), pages 1-19, May.
    12. Zhiming Zhang & Fengman Fang & Youru Yao & Qing Ji & Xiaojing Cheng, 2024. "Exploring the Response of Ecosystem Services to Socioecological Factors in the Yangtze River Economic Belt, China," Land, MDPI, vol. 13(6), pages 1-18, May.
    13. Giorgos Galanis & Giorgio Ricchiuti & Ben Tippet, 2022. "The Global Political Economy of a Green Transition," Working Papers - Economics wp2022_22.rdf, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa.
    14. Morgan, Edward A. & Buckwell, Andrew & Guidi, Caterina & Garcia, Beatriz & Rimmer, Lawrence & Cadman, Tim & Mackey, Brendan, 2022. "Capturing multiple forest ecosystem services for just benefit sharing: The Basket of Benefits Approach," Ecosystem Services, Elsevier, vol. 55(C).
    15. Kornek, Ulrike & Klenert, David & Edenhofer, Ottmar & Fleurbaey, Marc, 2021. "The social cost of carbon and inequality: When local redistribution shapes global carbon prices," Journal of Environmental Economics and Management, Elsevier, vol. 107(C).
    16. Richard S.J. Tol, 2021. "Estimates of the social cost of carbon have not changed over time," Working Paper Series 0821, Department of Economics, University of Sussex Business School.
    17. Francisco Estrada & Veronica Lupi & W. J. Wouter Botzen & Richard S. J. Tol, 2025. "Urban and non-urban contributions to the social cost of carbon," Nature Communications, Nature, vol. 16(1), pages 1-11, December.
    18. Stefano Carattini & Garth Heutel & Givi Melkadze, 2023. "Climate Policy, Financial Frictions, and Transition Risk," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 778-794, December.
    19. Francesco Lamperti & Valentina Bosetti & Andrea Roventini & Massimo Tavoni, 2019. "The public costs of climate-induced financial instability," Nature Climate Change, Nature, vol. 9(11), pages 829-833, November.
    20. Yongyang Cai & William Brock & Anastasios Xepapadeas, 2023. "Climate Change Impact on Economic Growth: Regional Climate Policy under Cooperation and Noncooperation," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 10(3), pages 569-605.

    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:gam:jlands:v:13:y:2024:i:9:p:1367-:d:1464418. 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.