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dc.contributor.authorHanley, Nick
dc.contributor.authorHynes, Stephen
dc.contributor.authorPatterson, David
dc.contributor.authorJobstvogt, Niels
dc.identifier.citationHanley , N , Hynes , S , Patterson , D & Jobstvogt , N 2015 , ' Economic valuation of marine and coastal ecosystems : is it currently fit for purpose? ' , Journal of Ocean and Coastal Economics , vol. 2 , no. 1 , 1 .
dc.identifier.otherPURE: 251317039
dc.identifier.otherPURE UUID: 87f473f8-10ce-4337-8826-29e43b0be7d5
dc.identifier.othercrossref: 10.15351/2373-8456.1014
dc.descriptionDMP acknowledges the support of the NERC CBESS consortium (Coastal Biodiversity and Ecosystem Service Sustainability: NE/J015644/1). DMP, NJ and NH acknowledge the support of the MASTS pooling initiative (The Marine Alliance for Science and Technology for Scotland). MASTS is funded by the Scottish Funding Council (grant reference HR09011) and contributing institutions. SH also acknowledges the support of the Beaufort Marine Research Award through the Irish Marine Institute.en
dc.description.abstractIn this paper, we consider whether the current “state of the art” of environmental valuation is suitable for producing policy-relevant estimates of the benefits or costs of changes in marine and coastal ecosystems. We review recent changes in European legislation which has meant an increasing demand for economic valuation from the policy and regulatory community. The next section considers, at a more conceptual level, whether the economic “toolbox” and scientific evidence is up to the task of meeting the demand for more evidence-based policy. Finally, three case studies are used to explore the nature of the valuation task and review what is currently known. These case studies are of salt-marsh restoration, marine renewable energy investments, and deep sea conservation.
dc.relation.ispartofJournal of Ocean and Coastal Economicsen
dc.rightsCopyright © 2019 The Author(s). This work is licensed under a Creative Commons Attribution 4.0 License.en
dc.subjectGE Environmental Sciencesen
dc.subjectHB Economic Theoryen
dc.subjectSDG 7 - Affordable and Clean Energyen
dc.subjectSDG 14 - Life Below Wateren
dc.titleEconomic valuation of marine and coastal ecosystems : is it currently fit for purpose?en
dc.typeJournal articleen
dc.description.versionPublisher PDFen
dc.contributor.institutionUniversity of St Andrews. School of Geography & Sustainable Developmenten
dc.description.statusPeer revieweden

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