Problems with the valuation of Scotland's environment

Common, Michael (2003) Problems with the valuation of Scotland's environment. Quarterly Economic Commentary, 28 (2). pp. 30-32. ISSN 0306-7866

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Abstract

A paper by Williams et al, 'Exploring the value of Scotland's environment', in the March 2003 issue of this journal, estimated ‘the annual value of the ecosystem services generated by Scotland's marine and terrestrial biomes' as £17.258 billion. This estimate was arrived at by adopting the methodology used by Costanza et al (1997a) to value ecosystem services for the globe as a whole. The first problem with this estimate is that it relates to a definition for which it makes no sense to produce an estimate. The second is that it is based on poor quality data.

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• Item metadata

  Item type:	Article
  ID code:	47075
  Dates:	Date Event June 2003 Published
  Keywords:	environmental valuation, Scotland, ecosystem services, Public Finance, Environmental Sciences, Environmental Science (miscellaneous), Economics, Econometrics and Finance(all), SDG 14 - Life Below Water, SDG 15 - Life on Land
  Subjects:	Social Sciences > Public Finance Geography. Anthropology. Recreation > Environmental Sciences
  Department:	Strathclyde Business School > Graduate School of Environmental Studies Strathclyde Business School > Fraser of Allander Institute
  Depositing user:	Pure Administrator
  Date deposited:	04 Mar 2014 09:32
  Last modified:	24 Dec 2021 01:34
  Related URLs:	Organisation Journal or Publication
  URI:	https://strathprints.strath.ac.uk/id/eprint/47075