Valuation of Ecosystem Services from Nordic Watersheds

From awareness raising to policy support? (VALUESHED)

image of Valuation of Ecosystem Services from Nordic Watersheds

The emergence of the ecosystem services concept suggests that economic valuation studies are already fulfilling a role in raising awareness by demonstrating the loss of nature’s goods and services using monetary indicators. In order to have future relevance in capturing value and giving support to policy-makers, valuation methods must specifically address resource accounting, priority setting, and instrument design. This report provides an overview of economic valuation methods of ecosystem services from watersheds in the Nordic countries. The study was commissioned by the Nordic Council of Ministers and conducted by The Norwegian Institute for Nature Research, The Norwegian Institute of Water Research and Sweco Norge during the period May – November 2011. The study indicates that economic valuation methods can be applied to watershed management in multiple ways. However, policy makers should be wary of “one size fits all” valuation estimates that appear ready to use across different watershed types and stakeholder interests.



Demonstration watershed I: Glomma River Basin

Chapter 4 provides some detail from valuation studies selected in the Glomma-Lågen Water Region. We look at approaches to valuing reduction in flood damages in this river basin, improvement in the ecological status of lake water across the three catchments of the Glomma-Lågen Water Region. A detailed look at valuation studies at the river basin and local within-river basin scale serve as a source of discussion of methodological challenges and solutions for valuation methods applied to different watershed services across different geographical scales.


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