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Copyright © 2013 Earth Economics
Earth Economics’ Ecosystem Valuation Toolkit
(EVT)www.esvaluation.org
June 11, 2013
Nora Wahlund
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Copyright © 2013 Earth Economics
501(c)3 founded in 1998
About Us
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Copyright © 2013 Earth Economics
Where We Work
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Freshwater Supply
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Carbon Sequestration
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Recreation
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Provisioning Services • Biochemical,
Medicinal, Pharmaceutical
• Building and Fibre • Food products • Fuel Resources • Genetic Resources,
Cultivated Products • Ornamental
Resources • Transport
Infrastructure • Water for
Consumption Regulating Services
• Air Quality • Arable Land • Buffering Against
Extremes • Habitable Climate • Noise Abatement • Pollination • Productive Soils • Reduce Pests and Diseases • Water Quality Cultural Services • Aesthetic Values
• Cultural Diversity • Effect on Social
Interactions Iconic Landscapes
• Iconic Species • Inspiration • Knowledge Systems • Recreational
Opportunities • Sense of Place • Spiritual and
Religious Values • Therapeutic
Landscapes
MANY Ecosystem Services Taxonomies… e.g., SEQ Framework
Source : Maynard, 2012
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Valuation And Services Ecosystem Service Amenability to
Economic Valuation Most Appropriate Method for Valuation
Gas Regulation Medium CV, A, RC
Climate Regulation Low CV, AC, RC
Disturbance Regulation High AC
Biological Regulation Medium AC, P
Water Regulation High M, AC, RC, H, P, CV
Soil Retention Medium AC, RC, H
Waste Regulation High RC, AC, CV
Nutrient Regulation Medium AC, RC, CV
Water Supply High AC, RC, M, TC
Food High M, P
Raw Materials High M, P
Genetic Resources Low M, AC
Medicinal Resources High AC, RC, P
Ornamental High AC, RC, H
Recreation High TC, CV, Ranking
Aesthetics High H, TC, CV, Ranking
Science and Education Low Ranking
Spiritual and Historic Low CV, Ranking
Adapted from : Farber, S., et. al., 2006
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1. Primary Valuation = “Boots on the Ground” 2. BTM = “Comps” • Accepted economic methodology (analogous
to real estate or business valuations via comps) • Speaks to decision-makers when expressed in
currency units comparable to “built capital” • Time-efficient & cost-effective for rapid
assessment • Defensible if done according to best-practices
“Primary Valuation” and “Benefit Transfer Methodology” (BTM)
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Built capital depreciates; natural capital is self-sustaining and appreciates
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The Puyallup Watershed
Next Steps in Ecosystem Service Valuation:
1. Perfect our methodologies, 2. Expand the data repository, 3. Exponentially increase capacity!
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Copyright © 2013 Earth Economics
Development of Ecosystem Service Database (ESD) with University of Vermont
Initial ESV Database
1998 2008 2010 2012
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Ten years later, Earth Economics completes ten Ecosystem Service Valuations (ESVs). Average ESV takes 1 year to complete.
1998 2008 2010 2012 100s of values
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In 2010, EE completes ten more ESVs. Average ESV takes 2.5 months to complete. In 2012, emergency Rapid ESV for all Wisconsin Wetlands done in 2 days.
1. Walla Walla
2. Puget Sound Basin
3. Snoqualmie
4. Snohomish
5. Smith Island
6. Mississippi River Delta
7. Ecuador
8. Costa Rica
9. Qinghai Province – China
10. Chehalis Flood Authority
1998 2008 2010 2012 Pivot Sheets
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Overview of the Earth Economics’ Ecosystem Valuation Toolkit
(EVT)
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Growing EVT Team (Apr. 2013) (w/ key tech members from Amazon, Expedia, Microsoft, T-Mobile, etc.)
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Copyright © 2013 Earth Economics Copyright (c) 2013, Earth Economics
EVT Advisory Board (Apr. 2013)
• Bernardo Aguilar, Fundacion Neotropica • Ken Bagstad, USGS • Roelof Boumans, MIMES & AFORDable Futures • Robert Costanza, Australian National University • Rudolf de Groot, Wageningen University • Joshua Farley, University of Vermont • Bruce Jones, formerly USGS, Desert Research Institute • Les Kaufman, Boston University • Dixon Landers, EPA • John Loomis, Colorado State University • Rosimeiry Portela, Conservation International • Stefan Schmidt, Helmholz Centre for Environmental Research • Ferdinando Villa, ARIES & Basque Center for Climate Change • Scott Warner, Garvey, Schubert and Barer • Theddi Wright Chappel, Cushman and Wakefield
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Expanding Community of EVT Partners includes:
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Five Top-Level EVT Components
1. Resource Library 2. Researcher’s Library 3. Repository 4. Computational & Reporting Engine (SERVES:
Simple Effective Resources for Valuing Ecosystem Services)
5. Referral Service
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Subset of EVT Strategic and Design Goals
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Bringing ecosystem services
Into the mainstream
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Standards, compliance, credibility
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Connecting researchers and decision makers
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Partnerships and integration
• Aries • MIMES • InVEST • EPA EnviroAtlas • FEMA Benefit Cost Analysis • ArcGIS • And more…
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Harmonizing taxonomies
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Gap analysis
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> 45,000 Ecosystem Service Studies
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Copyright © 2013 Earth Economics
> 45,000 Ecosystem Service Studies
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> 45,000 Ecosystem Service Studies
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Global reach
And future localization
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Building
tools with
users in mind
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Managing conversion
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Researcher’s Library
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Transcription
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From many formats…
…into one
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Copyright © 2013 Earth Economics
Change which values you view…
SERVES preview
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And how you view them.
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For asset values, modify timespan and discount rate on the fly.
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Copyright © 2013 Earth Economics
Select all values...
…or just the ones you need.
Export your values…
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…for your further use.
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Copyright © 2013 Earth Economics
Thank You! Nora Wahlund EarthEconomics.org ESValuation.org email: EVT @ eartheconomics.org
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1998 2008 2010 2013
EVT: 10,000s of studies
nx
Simple Effective Resource for Valuing Ecosystem Services
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Identify case study needs Connect with practitioners
Land Managers Policy Makers
& Planners
Referral Resources:
Researchers &
Students
Expert referral Commission a specific study
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Ecosystem service valuation Natural capital accounting Benefit-cost analysis Return on investment analysis
Land Managers Policy Makers
& Planners
Decision Resources:
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Gaps analysis Transcribe values Review & comment studies Upload new studies Credibility ranking Track value application Model inputs
Researchers &
Students
Research Resources:
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Applied ecosystem service examples Valuation best practices Communications tools Return on investment analysis
Training and Communication Resources:
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Valuation Methods
Avoided Cost Replacement Cost Factor Income Travel Cost Hedonic Pricing Marginal Product Estimation Contingent Valuation Group Valuation
Examples of Valuation Methodologies: Cost of storm damage resulting from reduced wetlands
Cost of building a water treatment plant in place of forest filtration
Income generated from increased commercial catch from marine park
nurseries
What visitors are willing to pay to travel to a place
Increased home value with a view or beach access
etc....
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Subset of EVT Strategic Goals • Mainstreaming adoption of ecosystem goods and services
valuation via sound science and proper framing • Strong collaboration and partnerships • Compliance to GASB, ISO 9000, SSAE-16, and other
standards to ensure defensibility of financial outputs • Matchmaking between ESV practitioners, academics and
clients • Harmonize (“Cross-Walk”) typologies of ecosystem
descriptors, beneficiaries, etc. • Expose data-gaps • Establish ESV reporting standards & data exchange
(“ESVML”) • Self-sustaining business model • Internationalization (Spanish, Mandarin, etc.)
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Copyright © 2013 Earth Economics
EVT Design Goals • World’s largest repository of primary Ecosystem Service
monetary and non-monetary values • Cloud-based (AWS) • User-focused interface design and processes • Transparent currency conversion and inflation adjustment • Scalable for different applications and scales (Biomes, Regions,
Sectors, Projects, Sites) and user communities (Governments, NGOs, Land Planners, Flood Plain Managers, Academics, etc
• Integrated auditing / peer review / study quality ranking • Support for gap analysis and BI • Application Program Interfaces (APIs) to exchange data with
other repositories / services (ArcGIS, ARIES, InVEST, MIMES, EPA Enviroatlas, FEMA BCA… and others TBD)
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Copyright © 2013 Earth Economics
1. EVT Resource Library (Goal: to educate and proliferate)
1.1 Free ESV Resources
Introductory ESV Materials ESV Best-Practices Exemplary ESV Studies from EE & Partners
1.2 Fee-based ESV Resources Natural Capital Analyses Applied to Policy Making Multi-Criteria Analysis Benefit Cost Analysis Natural Capital Accounting
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2. EVT Researcher’s Library (Goal: to ensure integrity, quality and defensibility of ESV data)
2.1 World’s largest validated repository of Ecosystem Services Valuation values and literature 2.2 Study submissions (individual transcription & bulk imports via ETLs and APIs) 2.3 Community ranking of study quality 2.4 ESV Practitioner networking
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3. EVT Computational & Reporting Engines (SERVES) (Goal: generate Ecosystem Services Valuations for user
Areas & Subjects of Interest) 3.1 Rigorously rules-based Benefit Transfer Methodology ESVs for baseline analyses and scenario-deltas 3.2 Report outputs in customizable formats for ease of integration into users’ required standard reporting (ASFPM, ESA, FEMA, etc.) 3.3 APIs or Data-Mapping w/ complementary services (ARIES, EPA EnviroAtlas, Invest, MIMES, others TBD) 3.4 Mapping to EPA’s Ecological Production Function Library
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4.1 Study submission (individual transcription / bulk upload via ETLs and APIs) 4.2 Empirical harmonization of taxonomies of ecosystems , ecosystem services, beneficiaries, survey instruments, etc. 4.3 Studies scrutinized by trained Ecological Economists prior to inclusion in EVT (2 reviewers for each study) 4.4 Algorithmically monitored community ranking and Economist evaluation of study quality 4.5 Gap analyses to expose unanswered questions and encourage research on understudied regions, services, etc.
4. EVT Repository (Goal: world’s most comprehensive repository of candidate ESV data)
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5. EVT Referral Service (Goal: link ESV practitioners, policy-makers, citizens, etc.)
5.1 ESV “Help-Wanteds” 5.2 ESV Practitioner “Services Available” 5.3 Announcements about urgent needs to fill gaps in collective knowledge
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Step-by-step wizard makes it easy to create your queries.
SERVES preview
And so on…
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Or Filter Studies topically: below, “Recreation” or “Insects”
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Total Value Measured Value