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Economic value of the nutrient retention function of restored floodplain wetlands in the Elbe River basin

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  • Grossmann, Malte

Abstract

This paper presents an application of an indirect method, the alternative or replacement cost method to value a regulatory ecosystem service: the retention of river nutrient loads by floodplain wetlands. The paper presents a cost-minimisation model for nutrient abatement measures for the River Elbe. The model is applied to estimate the shadow price of phosphate and nitrogen nutrient retention services by restored floodplains. It is shown that the shadow price of restored floodplain area is a function of the nutrient load reduction target for the river basin. The scope of the floodplain restoration projects is shown to have a lesser impact on the estimated shadow price.

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  • Grossmann, Malte, 2012. "Economic value of the nutrient retention function of restored floodplain wetlands in the Elbe River basin," Ecological Economics, Elsevier, vol. 83(C), pages 108-117.
    • Handle: RePEc:eee:ecolec:v:83:y:2012:i:c:p:108-117
    DOI: 10.1016/j.ecolecon.2012.03.008
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    1. Ing-Marie Gren & Paul Jannke & Katarina Elofsson, 1997. "Cost-Effective Nutrient Reductions to the Baltic Sea," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 10(4), pages 341-362, December.
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    4. Jenkins, W. Aaron & Murray, Brian C. & Kramer, Randall A. & Faulkner, Stephen P., 2010. "Valuing ecosystem services from wetlands restoration in the Mississippi Alluvial Valley," Ecological Economics, Elsevier, vol. 69(5), pages 1051-1061, March.
    5. Fisher, Brendan & Turner, R. Kerry & Morling, Paul, 2009. "Defining and classifying ecosystem services for decision making," Ecological Economics, Elsevier, vol. 68(3), pages 643-653, January.
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    Cited by:

    1. Wang, Yangyang & Atallah, Shady & Shao, Guofan, 2016. "Nutrient retention return on investment in private forest conservation: the case of the Classified Forest and Wildlands Program in Indiana," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 236154, Agricultural and Applied Economics Association.
    2. Nedkov, Stoyan & Campagne, Sylvie & Borisova, Bilyana & Krpec, Petr & Prodanova, Hristina & Kokkoris, Ioannis P. & Hristova, Desislava & Le Clec'h, Solen & Santos-Martin, Fernando & Burkhard, Benjamin, 2022. "Modeling water regulation ecosystem services: A review in the context of ecosystem accounting," Ecosystem Services, Elsevier, vol. 56(C).
    3. 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.
    4. Pamela Kaval & Marjan van den Belt, 2017. "The Organizing Framework of Ecosystem Services and its use in River Management," Working Papers in Economics 17/22, University of Waikato.
    5. Barth, Nina-Christin & Döll, Petra, 2016. "Assessing the ecosystem service flood protection of a riparian forest by applying a cascade approach," Ecosystem Services, Elsevier, vol. 21(PA), pages 39-52.
    6. Wang, Yangyang & Atallah, Shady & Shao, Guofan, 2017. "Spatially explicit return on investment to private forest conservation for water purification in Indiana, USA," Ecosystem Services, Elsevier, vol. 26(PA), pages 45-57.
    7. Reijnders, L., 2014. "Phosphorus resources, their depletion and conservation, a review," Resources, Conservation & Recycling, Elsevier, vol. 93(C), pages 32-49.

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