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Economic value of regulating ecosystem services: a comprehensive at the global level review

  • M. BalasubramanianEmail author
Article

Abstract

This study is the first meta-regression analysis of the economic value of regulating ecosystem services at the global level. Most of the regulating ecosystem services have not been properly estimated in terms of economic value and are also ignored in the everyday decision-making process. This study has reviewed 100 publications and included 275 economic value estimates. This study includes explanatory variables in the meta-analysis to account for these influences on the estimated economic value of regulating ecosystem services. This study has estimated the economic value of regulating ecosystem services at US$29.085 trillion for 2015. This study also has found that the values of climate and water regulations are the highest contributors to the total value of regulating ecosystem services. This study indicates that the results of meta-analysis might be helpful to decision-making with respect to three aspects: first, planning and management of urban green cover for sustainable cities; second, integration of the economic value of all the regulating ecosystem services; third, budget allocation for conservation and improvement of regulating ecosystem services for the present and future generations.

Keywords

Ecosystem services Economic valuation Travel cost method Meta-analysis 

Notes

Acknowledgments

This work is part of an ongoing research project on " An Economic Value of Forest Resources: A Case Study of Nine Districts in Karnataka, funded by Indian Council of Social Science Research (02/334/SC/2017-18/RP/Major).

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Authors and Affiliations

  1. 1.Centre for Ecological Economics and Natural ResourcesInstitute for Social and Economic ChangeBangaloreIndia

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