IDEAS home Printed from https://ideas.repec.org/a/eee/ecoser/v7y2014icp141-151.html
   My bibliography  Save this article

Valuing ecosystem services from Maryland forests using environmental accounting

Author

Listed:
  • Campbell, Elliott T.
  • Tilley, David R.

Abstract

Forests provide a multitude of benefits vital to the ecosystems, economies and people of Maryland. While markets exist to set the price for an economic good like timber, ecosystem services are viewed as free externalities. This research enumerates the biophysical value of forest ecosystem services in Maryland and provides a connection between biophysical and economic methods for valuing the environment. The hydrology, soil, carbon, air pollution, pollination and biodiversity of a forest are measured from a biophysical standpoint with emergy and converted to dollars using new emergy-to-dollar ratios, termed eco-prices. The functioning of the forest is compared to the most likely alternative land-use in Maryland (suburbia) and biophysical value is assigned based on this difference. The research seeks to value ecosystem services provided by forests in Maryland and proposes that society should invest commensurate value in the production and perpetuation of ecosystem services. To help ensure that Maryland forests continue to produce ecosystem services at the current rate, investment should total between $273 and $744 million per year in the State of Maryland, $270–$736 per year for a typical hectare of forest.

Suggested Citation

  • Campbell, Elliott T. & Tilley, David R., 2014. "Valuing ecosystem services from Maryland forests using environmental accounting," Ecosystem Services, Elsevier, vol. 7(C), pages 141-151.
    • Handle: RePEc:eee:ecoser:v:7:y:2014:i:c:p:141-151
    DOI: 10.1016/j.ecoser.2013.10.003
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S2212041613000855
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.ecoser.2013.10.003?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Giannetti, B.F. & Ogura, Y. & Bonilla, S.H. & Almeida, C.M.V.B., 2011. "Emergy assessment of a coffee farm in Brazilian Cerrado considering in a broad form the environmental services, negative externalities and fair price," Agricultural Systems, Elsevier, vol. 104(9), pages 679-688.
    2. Baumgartner, Stefan & Becker, Christian & Faber, Malte & Manstetten, Reiner, 2006. "Relative and absolute scarcity of nature. Assessing the roles of economics and ecology for biodiversity conservation," Ecological Economics, Elsevier, vol. 59(4), pages 487-498, October.
    3. Krautkraemer, Jeffrey A., 2005. "Economics of Natural Resource Scarcity: The State of the Debate," Discussion Papers 10562, Resources for the Future.
    4. Pulselli, Federico M. & Coscieme, Luca & Bastianoni, Simone, 2011. "Ecosystem services as a counterpart of emergy flows to ecosystems," Ecological Modelling, Elsevier, vol. 222(16), pages 2924-2928.
    5. Farber, Stephen C. & Costanza, Robert & Wilson, Matthew A., 2002. "Economic and ecological concepts for valuing ecosystem services," Ecological Economics, Elsevier, vol. 41(3), pages 375-392, June.
    6. Boyd, James & Banzhaf, Spencer, 2007. "What are ecosystem services? The need for standardized environmental accounting units," Ecological Economics, Elsevier, vol. 63(2-3), pages 616-626, August.
    7. Krautkraemer, Jeffrey, 2005. "Economics of Natural Resource Scarcity: The State of the Debate," RFF Working Paper Series dp-05-14, Resources for the Future.
    8. Batabyal, Amitrajeet A. & Kahn, James R. & O'Neill, Robert V., 2003. "On the scarcity value of ecosystem services," Journal of Environmental Economics and Management, Elsevier, vol. 46(2), pages 334-352, September.
    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. John E. Wagner & David H. Newman, 2013. "The Simon-Ehrlich Bet: Teaching Relative Vs. Absolute Scarcity," The American Economist, Sage Publications, vol. 58(1), pages 16-26, May.
    2. Ping Zhang & Liang He & Xin Fan & Peishu Huo & Yunhui Liu & Tao Zhang & Ying Pan & Zhenrong Yu, 2015. "Ecosystem Service Value Assessment and Contribution Factor Analysis of Land Use Change in Miyun County, China," Sustainability, MDPI, vol. 7(6), pages 1-24, June.
    3. Bryan, Brett A. & Ye, Yanqiong & Zhang, Jia'en & Connor, Jeffery D., 2018. "Land-use change impacts on ecosystem services value: Incorporating the scarcity effects of supply and demand dynamics," Ecosystem Services, Elsevier, vol. 32(PA), pages 144-157.
    4. Häyhä, Tiina & Franzese, Pier Paolo, 2014. "Ecosystem services assessment: A review under an ecological-economic and systems perspective," Ecological Modelling, Elsevier, vol. 289(C), pages 124-132.
    5. McVittie, Alistair & Norton, Lisa & Martin-Ortega, Julia & Siameti, Ioanna & Glenk, Klaus & Aalders, Inge, 2015. "Operationalizing an ecosystem services-based approach using Bayesian Belief Networks: An application to riparian buffer strips," Ecological Economics, Elsevier, vol. 110(C), pages 15-27.
    6. Bachev, Hrabrin, 2009. "Governing of agro-ecosystem services - modes, efficiency, perspectives," MPRA Paper 99870, University Library of Munich, Germany.
    7. Kisaka, Lily & Obi, Ajuruchukwu, 2015. "Farmers’ Preferences for Management Options as Payment for Environmental Services Scheme," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 18(3), pages 1-22, September.
    8. Pedro Monteiro & Teresa De Noronha & Paulo Neto, 2013. "A Differentiation Framework for Maritime Clusters: Comparisons across Europe," Sustainability, MDPI, vol. 5(9), pages 1-30, September.
    9. Anguelovski, Isabelle & Martínez Alier, Joan, 2014. "The ‘Environmentalism of the Poor’ revisited: Territory and place in disconnected glocal struggles," Ecological Economics, Elsevier, vol. 102(C), pages 167-176.
    10. Durmaz, Tunç, 2018. "The economics of CCS: Why have CCS technologies not had an international breakthrough?," Renewable and Sustainable Energy Reviews, Elsevier, vol. 95(C), pages 328-340.
    11. Combes, Jean-Louis & Delacote, Philippe & Combes Motel, Pascale & Yogo, Thierry Urbain, 2018. "Public spending, credit and natural capital: Does access to capital foster deforestation?," Economic Modelling, Elsevier, vol. 73(C), pages 306-316.
    12. Häyhä, Tiina & Franzese, Pier Paolo & Paletto, Alessandro & Fath, Brian D., 2015. "Assessing, valuing, and mapping ecosystem services in Alpine forests," Ecosystem Services, Elsevier, vol. 14(C), pages 12-23.
    13. Logan, Lauren H. & Gupta, Rohini S. & Ando, Amy & Suski, Cory & Stillwell, Ashlynn S., 2021. "Quantifying tradeoffs between electricity generation and fish populations via population habitat duration curves," Ecological Modelling, Elsevier, vol. 440(C).
    14. Egoh, Benis & Rouget, Mathieu & Reyers, Belinda & Knight, Andrew T. & Cowling, Richard M. & van Jaarsveld, Albert S. & Welz, Adam, 2007. "Integrating ecosystem services into conservation assessments: A review," Ecological Economics, Elsevier, vol. 63(4), pages 714-721, September.
    15. Alfred Greiner & Willi Semmler & Tobias Mette, 2012. "An Economic Model of Oil Exploration and Extraction," Computational Economics, Springer;Society for Computational Economics, vol. 40(4), pages 387-399, December.
    16. Xiumei Xu & Chao Feng & Yongshan Du & Qimeng Wang & Gaige Zhang & Yicheng Huang, 2022. "Evaluating the sustainability of a tourism system based on emergy accounting and emergetic ternary diagrams: a case study of the Xinjiang Kanas tourism area," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(5), pages 6731-6787, May.
    17. Garcia, X. & Pargament, D., 2015. "Reusing wastewater to cope with water scarcity: Economic, social and environmental considerations for decision-making," Resources, Conservation & Recycling, Elsevier, vol. 101(C), pages 154-166.
    18. Márquez, Laura Andreina Matos & Rezende, Eva Caroline Nunes & Machado, Karine Borges & Nascimento, Emilly Layne Martins do & Castro, Joana D'arc Bardella & Nabout, João Carlos, 2023. "Trends in valuation approaches for cultural ecosystem services: A systematic literature review," Ecosystem Services, Elsevier, vol. 64(C).
    19. Yang, Wu & Chang, Jie & Xu, Bin & Peng, Changhui & Ge, Ying, 2008. "Ecosystem service value assessment for constructed wetlands: A case study in Hangzhou, China," Ecological Economics, Elsevier, vol. 68(1-2), pages 116-125, December.
    20. Kontogianni, Areti & Luck, Gary W. & Skourtos, Michalis, 2010. "Valuing ecosystem services on the basis of service-providing units: A potential approach to address the 'endpoint problem' and improve stated preference methods," Ecological Economics, Elsevier, vol. 69(7), pages 1479-1487, May.

    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:eee:ecoser:v:7:y:2014:i:c:p:141-151. 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: Catherine Liu (email available below). General contact details of provider: https://www.journals.elsevier.com/ecosystem-services .

    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.