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Limits of monetization in protecting ecosystem services.

Julia Temel1, Aled Jones2, Nikoleta Jones2

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Summary

Monetary valuation of ecosystem services shows limited effectiveness for biodiversity conservation. Schemes often ignore criteria, necessitating better policy and governance for successful outcomes.

Keywords:
Biodiversitybiodiversidadcase studiesconservaciónconservationestudios de casopagopaymenttasaciónvaluation生物多样性, 保护, 估价, 案例研究, 补偿

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Area of Science:

  • Ecosystem services valuation
  • Biodiversity conservation science
  • Environmental economics

Background:

  • Monetary valuation of ecosystem services is increasingly used in policy and business.
  • Criteria exist to assess the suitability of monetary valuation for biodiversity conservation outcomes, focusing on scale, uniqueness, and threat.

Purpose of the Study:

  • To explore the limitations and application of established criteria for monetary valuation in biodiversity conservation.
  • To assess the effectiveness of monetization projects based on measured outcomes.

Main Methods:

  • Analysis of case studies involving monetization projects with measured outcomes.
  • Evaluation of the application of criteria (scale, uniqueness, threat) in these projects.

Main Results:

  • Limited evidence was found for the effectiveness of monetary valuation schemes in achieving biodiversity conservation outcomes.
  • Most schemes were implemented in areas where the criteria explicitly advised against their isolated use.
  • Schemes were often not used appropriately, despite potential benefits.

Conclusions:

  • Monetary valuation alone is insufficient for effective biodiversity conservation.
  • Additional policy or governance measures, including quantitative measurements, are required to ensure conservation outcomes.
  • Appropriate application of criteria and robust governance are crucial for successful ecosystem service valuation in conservation.