Defra publishes two reports on the valuation of ecosystem services
The value of ecosystem services provided by the UK’s wildlife and habitats has been estimated in two research reports published by Defra today. These two primary valuation research studies examine benefits people obtain from the natural environment in the UK.
Using expert judgement and participatory valuation approaches, the study ‘Economic valuation of the benefits of ecosystem services delivered by the UK Biodiversity Action Plan’ estimated the value of seven ecosystem services delivered by different UK BAP habitats and the changes in provision of these services through biodiversity conservation measures over the next 20 years.
The report on ‘The Benefits of Sites of Special Scientific Interest in England and Wales’ assessed the economic value of changes in biodiversity and associated ecosystem services which will result from future policy scenarios for Sites of Special Scientific Interest (SSSIs).
The reports estimate the wildlife covered by the UK BAP and Sites of Special Scientific Interest is worth approximately £1.5 billion per year to the UK.
Story taken from the Natural Capital Initiative website.
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