This paper offers a methodological contribution to estimate marginal values of selected ecosystem services for world forest biomes, following the Millennium Ecosystem Assessment. Economic losses from policy inaction are estimated for future scenarios in year 2050. The highest impact is expected in boreal and warm mixed forests, followed by tropical forests, which might be surprising to some who argue that the most significant loss should be in tropical forests. A detailed analysis, however, shows that this is not the case. The best estimates point to greater losses in areas where use and non-use values are highest, which includes North America.
|Publication status||Published - Jun 2009|
|Event||17th Annual Conference of the European Association of Environmental and Resource Economists (EAERE) - Amsterdam|
Duration: 24 Jun 2009 → 27 Jun 2009
|Conference||17th Annual Conference of the European Association of Environmental and Resource Economists (EAERE)|
|Period||24/06/09 → 27/06/09|
Chiabai, A., Ding, H., Markandya, A., Nunes, P., & Travisi, C. (2009). Economic Valuation of Forest Ecosystem Services: Methodology and Monetary Estimates. Paper presented at 17th Annual Conference of the European Association of Environmental and Resource Economists (EAERE), Amsterdam, .