Spatial forest valuation: The role of location in determining attitudes toward payment for ecosystem services policies

Forests provide many benefits (e.g., esthetics, water purification, habitat, carbon sequestration) to humans when they are conserved. However, forest conservation efforts may conflict with other uses, particularly timber harvest. Incentives for forest conservation can be established through payment for ecosystem services (PES) policies. PES policies rely on forest valuation studies which traditionally have valued the whole forest, or characteristics of a forest. Methods that allow variability in estimated forest values over space can provide valuation information at a finer scale and aid in the optimization of PES policies. These spatially explicit values provide information critical to many policy decisions, particularly conservation prioritization and planning.