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


  • 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)


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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    1. Pezzey, John C.V. & Jotzo, Frank & Quiggin, John C., 2008. "Fiddling while carbon burns: why climate policy needs pervasive emission pricing as well as technology promotion," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 52(1), March.
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    4. Babiker, Mustafa H., 2005. "Climate change policy, market structure, and carbon leakage," Journal of International Economics, Elsevier, vol. 65(2), pages 421-445, March.
    5. Oikonomou, Vlasis & Patel, Martin & Worrell, Ernst, 2006. "Climate policy: Bucket or drainer?," Energy Policy, Elsevier, vol. 34(18), pages 3656-3668, December.
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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.

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