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Service Description: The first global uncertainty maps of monetary valued goods and services provided by nature for human well-being (ecosystem services) have been developed by a group of researchers of the Helmholtz Centre for Environmental Research (UFZ). Monetary values were estimated by transferring values already developed in other studies of a similar area (benefit transfer) under consideration of different sources of uncertainty. Major patterns of uncertainties could be identified and discussed for 12 ecosystem services. The scientists Schmidt, Manceur and Seppelt have recently published their results in the journal PLoS ONE.
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Title: Uncertainties in Monetary Valuation of Nature
Author: Stefan Schmidt
Comments: The first global uncertainty maps of monetary valued goods and services provided by nature for human well-being (ecosystem services) have been developed by a group of researchers of the Helmholtz Centre for Environmental Research (UFZ). Monetary values were estimated by transferring values already developed in other studies of a similar area (benefit transfer) under consideration of different sources of uncertainty. Major patterns of uncertainties could be identified and discussed for 12 ecosystem services. The scientists Schmidt, Manceur and Seppelt have recently published their results in the journal PLoS ONE.
Subject: Monetary valuation through benefit transfer and their uncertainties
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Keywords: ecosystem service,monetary valuation,benefit transfer,uncertainty,global
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