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Developing measures for valuing changes in biodiversity

Christie, M. and Hanley, N. and Warren, J. and Hyde, T. and Murphy, K. and Wright, R.E. (2006) Developing measures for valuing changes in biodiversity. In: Valuing the Environment in Developed Countries: Case Studies. Edward Elgar Publishing, pp. 50-76. ISBN 978 1 84064 148 6

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Abstract

This document reports the findings from the DEFRA funded research project 'Developing measures for valuing changes in biodiversity'. The aim of the research was to develop an appropriate framework that will enable cost-effective and robust valuations of the total economic value of changes to biodiversity in the UK countryside. The research involved a review of ecological and economic literature on the valuation of biodiversity changes. The information gathered from this review, along with the findings from a series of public focus groups and an expert review of valuation methodologies, were used to develop a suite of valuation instruments that were used to measure the economic value of different aspects of biodiversity. Contingent valuation and choice experiment studies were administered to households in Cambridgeshire and Northumberland, while valuation workshops were conducted in Northumberland only. The data from these studies were also used to test for benefits transfer.