Valuing the social and environmental contribution of woodlands and trees in England, Scotland and Wales

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 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).