Valuing the social and environmental contribution of woodlands and trees in England, Scotland and Wales
Binner, AR; Smith, G; Bateman, IJ; et al.Day, BH; Agarwala, M; Harwood, A
Date: 1 February 2017
Publisher
Forestry Commission
Abstract
The diverse resources provided by trees and woodlands
contribute to the production of a wide array of benefits
ranging from timber to wildlife habitats and from carbon
storage to water purification. This diversity is further
complicated by the fact that, while some of the goods
associated with forests are traded in markets and ...
The diverse resources provided by trees and woodlands
contribute to the production of a wide array of benefits
ranging from timber to wildlife habitats and from carbon
storage to water purification. This diversity is further
complicated by the fact that, while some of the goods
associated with forests are traded in markets and hence
have associated prices, others arise outside markets and,
while valuable, lack prices. The need to make evidencebased decisions regarding woodlands, including decisions
such as how much public funding should be allocated to
support the non-market benefits they generate, has
necessitated the estimation of the value of those benefits.
This scoping study provides a structured review of the state
of knowledge regarding the economic valuation of social
and environmental benefits derived from trees and
woodlands in order to support policy and practice.
Particular (although not exclusive) attention is paid to recent
extensions to the literature since previous reviews
(especially Eftec, 2011).
Economics
Faculty of Environment, Science and Economy
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