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Economic Valuation of Land: An Innovative and Scalable Approach to Advance Sustainable Land Management

Contribution of the Global Mechanism of the United Nations Convention to Combat Desertification (UNCCD) to the global study on Commercial Pressures on Land.

Topic:

Drought; Climate Change; institutional capacity building

Details:

This paper attempts to ‘demystify’ the notion of Total Economic Value (TEV) of environmental goods and services, and sets out the reasons for which markets fail to reflect this value. The piece argues that this results in distorted prices of environmental goods and services of land which threaten to entail numerous adverse effects on present and future generations. The paper outlines the OSLO’s innovative and practical methodology for calculating TEV of an ecosystem, and the most commonly used techniques for valuing different ecosystem services are presented.

Author:

C. Mersmann, S. Quatrini, B. Buric, J. Schild, A.Asen

Publisher:

The Global Mechanism of the United Nations Convention to Combat Desertification

Year:

Link:

EVL Methodological Approach (pdf)

Free full text avialable

Yes


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