Ecosystem Services – Examples of Their Valuation Methods in Czech Republic and Slovakia

Abstract

This literature review deals with the understanding of ecosystem services related to the question of their applicability and appropriate methods for their valuation. We distinguish between ecological valuation methods that aim to assess the significance of landscape characteristics, conventional economic, i.e. monetary valuation and non-monetizing valuation or assessment. Ecological evaluation methods derive values by following a cost of production approach which neglects consumer preferences. Economic valuation methods focus on the exchange value of ecosystem services, i.e. they are based on consumer preferences, but do not adequately take into account the complex internal structure of ecosystems. We conclude that – from the view of implementation of ecosystem services for policy support and consulting – successful valuation approaches should particularly consider the relationships between economic, ecological and social aspects of ecosystem services’ provision.

Keywords

• ecosystem services
• ecosystem processes
• ecosystem functions
• ecological, sociocultural and economic value of ecosystems
• cost of production
• exchange value
• consumer preferences