Monetary valuation for ecosystem services and assets for ecosystem accounting
Monetary valuation for ecosystem accounting
The SEEA Ecosystem Accounting (SEEA EA) implementation strategy was adopted by the United Nations Statistical Commission at its 53rd session in 2022. As part of the implementation strategy, several guidelines and technical reports are being developed to support the compilation of ecosystem accounts: Guidelines on Biophysical Modelling; a technical report on Monetary Valuation of Ecosystem Services and Assets for Ecosystem Accounting - Interim version, first edition; as well as tools to support compilation such as ARIES for SEEA.
Why a technical report on monetary valuation for ecosystem accounting?
The report is intended to provide a useful starting point with suggestions on valuation methods and references for countries that are undertaking monetary valuation as part of the SEEA EA national implementation. The report includes practical examples to illustrate how the different valuation methods for ecosystem services and ecosystem assets have been applied, including results from pilot studies that have been carried out as part of the NCAVES and the MAIA projects.
The report should not be considered as agreed guidelines on how to compile monetary accounts. Some issues related to valuation are being discussed as part of the SEEA EA research agenda and the SNA revision process. The document will remain under review and updated as country experiences are gained valuing ecosystem services based on SEEA EA and consensus emerges. This interim status is reflected in the title of the report.
The intended audience of this document are statisticians and compilers of ecosystem accounts, as well as modellers of ecosystem services who are interested in understanding the concepts and methods of monetary valuation of ecosystem services and assets, how the valuations can be carried out, and how they can be of use in the context of the SEEA EA.
Approach and scope
This interim technical report is structured as follows: