{"id":684,"date":"2022-05-18T13:36:41","date_gmt":"2022-05-18T03:36:41","guid":{"rendered":"https:\/\/primaryforestsandclimate.org\/?page_id=684"},"modified":"2022-12-19T22:53:24","modified_gmt":"2022-12-19T12:53:24","slug":"economics-valuation","status":"publish","type":"page","link":"https:\/\/primaryforestsandclimate.org\/project-themes\/economics-valuation\/","title":{"rendered":"Economics &#038; valuation"},"content":{"rendered":"<div id=\"pl-684\"  class=\"panel-layout\" ><div id=\"pg-684-0\"  class=\"panel-grid panel-has-style\" ><div class=\"header-row panel-row-style panel-row-style-for-684-0\" ><div id=\"pgc-684-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-684-0-0-0\" class=\"so-panel widget widget_siteorigin-panels-builder panel-first-child\" data-index=\"0\" ><div class=\"gradient-row panel-widget-style panel-widget-style-for-684-0-0-0\" ><div id=\"pl-w635f26a6e97a7\"  class=\"panel-layout\" ><div id=\"pg-w635f26a6e97a7-0\"  class=\"panel-grid panel-has-style\" ><div class=\"inner-header-row panel-row-style panel-row-style-for-w635f26a6e97a7-0\" ><div id=\"pgc-w635f26a6e97a7-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-w635f26a6e97a7-0-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"0\" ><div class=\"page-heading panel-widget-style panel-widget-style-for-w635f26a6e97a7-0-0-0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h1>Economics & Valuation<\/h1>\n<p>Assessing the value of primary forest ecosystem services<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div id=\"panel-684-0-0-1\" class=\"widget_text so-panel widget widget_custom_html panel-last-child\" data-index=\"1\" ><div class=\"widget_text tree-canopy-white panel-widget-style panel-widget-style-for-684-0-0-1\" ><div class=\"textwidget custom-html-widget\"><\/div><\/div><\/div><\/div><\/div><\/div><div id=\"pg-684-1\"  class=\"panel-grid panel-has-style\" ><div class=\"white-row panel-row-style panel-row-style-for-684-1\" ><div id=\"pgc-684-1-0\"  class=\"panel-grid-cell\" ><div id=\"panel-684-1-0-0\" class=\"so-panel widget widget_siteorigin-panels-builder panel-first-child panel-last-child\" data-index=\"2\" ><div class=\"extra-wide-row panel-widget-style panel-widget-style-for-684-1-0-0\" ><div id=\"pl-w63a02f2008105\"  class=\"panel-layout\" ><div id=\"pg-w63a02f2008105-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-w63a02f2008105-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-w63a02f2008105-0-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"0\" ><div class=\"medium-text panel-widget-style panel-widget-style-for-w63a02f2008105-0-0-0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p>Our planet\u2019s forests provide many benefits\u00a0to society\u2019s continued well-being yet are subjected to ongoing loss and degradation. These activities provide financial and other material benefits to people but unless we understand the value of what is lost when the forests are cleared and degraded, we will not be able to make informed decisions about their use and management.<\/p>\n<p>The project\u2019s economics work has focused on:<\/p>\n<ul>\n<li>understanding the <a href=\"#economic-value\">economic value<\/a> of the world\u2019s forest;<\/li>\n<li>understanding <a href=\"#trade-offs\">trade-offs between different types of users of forest resources<\/a>;<\/li>\n<li><a href=\"#community-preferences\">assessing community preferences<\/a> between livelihoods, resource use, and conservation options.<\/li>\n<\/ul>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pgc-w63a02f2008105-0-1\"  class=\"panel-grid-cell\" ><div id=\"panel-w63a02f2008105-0-1-0\" class=\"so-panel widget widget_lsow-portfolio panel-first-child panel-last-child\" data-index=\"1\" ><div class=\"author-list-block panel-widget-style panel-widget-style-for-w63a02f2008105-0-1-0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-lsow-portfolio so-widget-lsow-portfolio-default-5b537beead98\"\n\t\t\t\n\t\t><div class=\"lsow-portfolio-wrap lsow-gapless-grid\"><div id=\"lsow-portfolio-662bf5f5828c4\" class=\"lsow-portfolio js-isotope lsow-fitRows lsow-grid-container  lsow-grid-desktop-1 lsow-grid-tablet-1 lsow-grid-mobile-1\" data-isotope-options='{ \"itemSelector\": \".lsow-portfolio-item\", \"layoutMode\": \"fitRows\"}'><div data-id=\"id-309\" class=\"lsow-grid-item lsow-portfolio-item \"><article id=\"post-309\" class=\"post-309 researcher type-researcher status-publish format-standard has-post-thumbnail hentry project-partner-griffith-university researchfield-micro-economic-valuation\"><div class=\"lsow-project-image\"><a href=\"https:\/\/primaryforestsandclimate.org\/researcher\/chris-fleming\/\" target=\"_self\"><img decoding=\"async\" src=\"https:\/\/primaryforestsandclimate.org\/wp-content\/uploads\/2022\/05\/chris-fleming-1.jpeg\" class=\"lsow-image skip-lazy no-lazyload exclude-me a3-notlazy wp-post-image\" alt=\"Chris Fleming\" data-no-lazy=\"1\" loading=\"eager\" srcset=\"https:\/\/primaryforestsandclimate.org\/wp-content\/uploads\/2022\/05\/chris-fleming-1.jpeg 480w, https:\/\/primaryforestsandclimate.org\/wp-content\/uploads\/2022\/05\/chris-fleming-1-300x300.jpeg 300w, https:\/\/primaryforestsandclimate.org\/wp-content\/uploads\/2022\/05\/chris-fleming-1-150x150.jpeg 150w, https:\/\/primaryforestsandclimate.org\/wp-content\/uploads\/2022\/05\/chris-fleming-1-16x16.jpeg 16w\" sizes=\"(max-width: 480px) 100vw, 480px\" \/><\/a><\/div><div class=\"lsow-entry-text-wrap \"><h3 class=\"entry-title\"><a href=\"https:\/\/primaryforestsandclimate.org\/researcher\/chris-fleming\/\" title=\"Chris Fleming\" target=\"_self\" rel=\"bookmark\">Chris Fleming<\/a><\/h3><div class=\"entry-summary\">Chris is a Professor of Economics and Dean (Research) at the Griffith Business School. He teaches, researches, consults and provides public policy advice on the economic determinants of well-being and the sustainable management of the world around us.<\/div><\/div><\/article><!-- .hentry --><\/div><div data-id=\"id-306\" class=\"lsow-grid-item lsow-portfolio-item \"><article id=\"post-306\" class=\"post-306 researcher type-researcher status-publish format-standard has-post-thumbnail hentry project-partner-woodwell-climate-research-center researchfield-micro-economic-valuation\"><div class=\"lsow-project-image\"><a href=\"https:\/\/primaryforestsandclimate.org\/researcher\/glenn-bush\/\" target=\"_self\"><img decoding=\"async\" src=\"https:\/\/primaryforestsandclimate.org\/wp-content\/uploads\/2022\/05\/GlennBush2sq-300x300-1.jpg\" class=\"lsow-image skip-lazy no-lazyload exclude-me a3-notlazy wp-post-image\" alt=\"Dr Glenn Bush\" data-no-lazy=\"1\" loading=\"eager\" srcset=\"https:\/\/primaryforestsandclimate.org\/wp-content\/uploads\/2022\/05\/GlennBush2sq-300x300-1.jpg 300w, https:\/\/primaryforestsandclimate.org\/wp-content\/uploads\/2022\/05\/GlennBush2sq-300x300-1-150x150.jpg 150w, https:\/\/primaryforestsandclimate.org\/wp-content\/uploads\/2022\/05\/GlennBush2sq-300x300-1-16x16.jpg 16w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/div><div class=\"lsow-entry-text-wrap \"><h3 class=\"entry-title\"><a href=\"https:\/\/primaryforestsandclimate.org\/researcher\/glenn-bush\/\" title=\"Glenn Bush\" target=\"_self\" rel=\"bookmark\">Glenn Bush<\/a><\/h3><div class=\"entry-summary\">Dr. Glenn Bush is an environmental economist driven by a desire to find equitable resolutions to the long-standing conflict between human development and environmental conservation. <\/div><\/div><\/article><!-- .hentry --><\/div><div data-id=\"id-311\" class=\"lsow-grid-item lsow-portfolio-item \"><article id=\"post-311\" class=\"post-311 researcher type-researcher status-publish format-standard has-post-thumbnail hentry project-partner-griffith-university researchfield-micro-economic-valuation\"><div class=\"lsow-project-image\"><a href=\"https:\/\/primaryforestsandclimate.org\/researcher\/fitalew-taye\/\" target=\"_self\"><img decoding=\"async\" src=\"https:\/\/primaryforestsandclimate.org\/wp-content\/uploads\/2022\/05\/fitalew-taye.jpeg\" class=\"lsow-image skip-lazy no-lazyload exclude-me a3-notlazy wp-post-image\" alt=\"Fitalew Taye\" data-no-lazy=\"1\" loading=\"eager\" srcset=\"https:\/\/primaryforestsandclimate.org\/wp-content\/uploads\/2022\/05\/fitalew-taye.jpeg 450w, https:\/\/primaryforestsandclimate.org\/wp-content\/uploads\/2022\/05\/fitalew-taye-300x300.jpeg 300w, https:\/\/primaryforestsandclimate.org\/wp-content\/uploads\/2022\/05\/fitalew-taye-150x150.jpeg 150w, https:\/\/primaryforestsandclimate.org\/wp-content\/uploads\/2022\/05\/fitalew-taye-16x16.jpeg 16w\" sizes=\"(max-width: 450px) 100vw, 450px\" \/><\/a><\/div><div class=\"lsow-entry-text-wrap \"><h3 class=\"entry-title\"><a href=\"https:\/\/primaryforestsandclimate.org\/researcher\/fitalew-taye\/\" title=\"Fitalew Taye\" target=\"_self\" rel=\"bookmark\">Fitalew Taye<\/a><\/h3><div class=\"entry-summary\">Fitalew is an environmental and resource economist whose research focuses on non-market valuation of environmental goods and services. <\/div><\/div><\/article><!-- .hentry --><\/div><div data-id=\"id-307\" class=\"lsow-grid-item lsow-portfolio-item \"><article id=\"post-307\" class=\"post-307 researcher type-researcher status-publish format-standard has-post-thumbnail hentry project-partner-griffith-university researchfield-micro-economic-valuation\"><div class=\"lsow-project-image\"><a href=\"https:\/\/primaryforestsandclimate.org\/researcher\/andrew-buckwell\/\" target=\"_self\"><img decoding=\"async\" src=\"https:\/\/primaryforestsandclimate.org\/wp-content\/uploads\/2022\/05\/andrew-buckwell-comp.jpg\" class=\"lsow-image skip-lazy no-lazyload exclude-me a3-notlazy wp-post-image\" alt=\"Andrew Buckwell\" data-no-lazy=\"1\" loading=\"eager\" srcset=\"https:\/\/primaryforestsandclimate.org\/wp-content\/uploads\/2022\/05\/andrew-buckwell-comp.jpg 700w, https:\/\/primaryforestsandclimate.org\/wp-content\/uploads\/2022\/05\/andrew-buckwell-comp-300x300.jpg 300w, https:\/\/primaryforestsandclimate.org\/wp-content\/uploads\/2022\/05\/andrew-buckwell-comp-150x150.jpg 150w, https:\/\/primaryforestsandclimate.org\/wp-content\/uploads\/2022\/05\/andrew-buckwell-comp-16x16.jpg 16w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/a><\/div><div class=\"lsow-entry-text-wrap \"><h3 class=\"entry-title\"><a href=\"https:\/\/primaryforestsandclimate.org\/researcher\/andrew-buckwell\/\" title=\"Andrew Buckwell\" target=\"_self\" rel=\"bookmark\">Andrew Buckwell<\/a><\/h3><div class=\"entry-summary\">Andrew is a Research Fellow at Griffith Business School with experience as an applied environmental economist focussed on micro-economic valuation and community preferences for natural resource use. <\/div><\/div><\/article><!-- .hentry --><\/div><\/div><!-- .lsow-portfolio --><\/div><!-- .lsow-portfolio-wrap --><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div id=\"pg-684-2\"  class=\"panel-grid panel-has-style\" ><div class=\"light-grey-row panel-row-style panel-row-style-for-684-2\" id=\"trade-offs\" ><div id=\"pgc-684-2-0\"  class=\"panel-grid-cell\" ><div id=\"panel-684-2-0-0\" class=\"so-panel widget widget_siteorigin-panels-builder panel-first-child panel-last-child\" data-index=\"3\" ><div id=\"pl-w63a02f2008511\"  class=\"panel-layout\" ><div id=\"pg-w63a02f2008511-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-w63a02f2008511-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-w63a02f2008511-0-0-0\" class=\"so-panel widget widget_siteorigin-panels-builder panel-first-child panel-last-child\" data-index=\"0\" ><div class=\"standard-padding panel-widget-style panel-widget-style-for-w63a02f2008511-0-0-0\" ><div id=\"pl-w635b6f6c41a06\"  class=\"panel-layout\" ><div id=\"pg-w635b6f6c41a06-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-w635b6f6c41a06-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-w635b6f6c41a06-0-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"0\" ><div id=\"economic-value\" class=\"panel-widget-style panel-widget-style-for-w635b6f6c41a06-0-0-0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h2 style=\"margin-top: 0px; text-align: left;\">The economic value of the world's forests<\/h2>\n<p>The project undertook a major review of the academic literature to help generate estimates of the <a href=\"https:\/\/primaryforestsandclimate.org\/publications\/how-much-is-that-forest-worth\/\">economic value of the world's forests<\/a>.<\/p>\n<ol>\n<li><strong class=\"orange-text\">Important forest regions and ecological zones are under-studied <\/strong>- There is an absence of studies from important forest regions, such as the tropical rainforests in Central Africa and the boreal and temperate forests of North America and Russia.<\/li>\n<li><strong class=\"orange-text\">Bias towards market pricing valuation techniques<\/strong>\u00a0- Economic valuation studies are dominated with market pricing approaches, which emphasise forest management that maximizes industrial production instead of long-term social benefits, such as carbon storage and water quality improvements.<\/li>\n<li><a href=\"#trade-offs\"><strong class=\"orange-text\">Failure to evaluate trade-offs between values<\/strong><\/a>\u00a0- There is a disregard for the range of other values\u2014 i.e., underestimated, or lost values (the \u2018opportunity costs\u2019) when extractive uses, such as logging and clearing for mining and agriculture take precedence.<\/li>\n<\/ol>\n<p>We also produced a <a href=\"https:\/\/primaryforestsandclimate.org\/wp-content\/uploads\/2022\/10\/ForestValuesPolicy_Final-with-Author7.pdf\" target=\"_blank\" rel=\"noopener\">free policy brief<\/a> to support this work.<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div id=\"pgc-w63a02f2008511-0-1\"  class=\"panel-grid-cell\" ><div id=\"panel-w63a02f2008511-0-1-0\" class=\"so-panel widget widget_siteorigin-panels-builder panel-first-child panel-last-child\" data-index=\"1\" ><div class=\"standard-padding white-ninety panel-widget-style panel-widget-style-for-w63a02f2008511-0-1-0\" id=\"trade-offs\" ><div id=\"pl-w63a02f200851c\"  class=\"panel-layout\" ><div id=\"pg-w63a02f200851c-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-w63a02f200851c-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-w63a02f200851c-0-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child\" data-index=\"0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h2 style=\"margin-top: 0px; text-align: left;\">Evaluating trade-offs between forest values<\/h2>\n<p>Most studies of the economic value of forests focus on\u00a0the value of a single ecosystem\u00a0service, rather than\u00a0estimating a fuller set of values. This is because the purpose of the study is to find evidence \u00a0it is being managed in\u00a0a way that maximises the benefit from that specific ecosystem service.<\/p>\n<p>For example, a forest managed for industrial production\u00a0of timber can generate a very high value for the timber as an ecosystem service. \u00a0This value is then captured\u00a0by private interests, often straight away.<\/p>\n<p>However, this singular\u00a0value needs to be considered in the context of\u00a0the costs of the \u2018environmental externalities\u2019\u00a0(that is, negative impacts) that result from that extractive use. These costs are carried by everyone\u00a0else in society.<\/p>\n<p>Therefore, the dominance of market pricing results in decision making around forests being biased\u00a0towards market-oriented forest management, such as logging and clearing for alternative uses.<\/p>\n<\/div>\n<\/div><\/div><div id=\"panel-w63a02f200851c-0-0-1\" class=\"so-panel widget widget_sow-editor\" data-index=\"1\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p>A better understanding of the trade-offs\u00a0his only possible if the extractive values of forests\u00a0are compared to the aggregated\u00a0value of non-extractive ecosystem service benefits, i.e. leaving the forest intact.<\/p>\n<p>The project showed that the values\u00a0of the full set of forest ecosystem services are often much higher than the\u00a0value of singular extractive uses.<\/p>\n<h3 style=\"text-align: left;\">Policy relevance<\/h3>\n<p>This is an important illustration of the trade-offs\u00a0between industrial use and conservation management. <em>How<\/em>, <em>when<\/em>, and <em>who<\/em>\u00a0receives the monetary and non-monetary\u00a0values of forests needs to be considered.<\/p>\n<p>Conservation efforts and\u00a0alternative land use planning decisions require\u00a0consideration of the public goods value of\u00a0ecosystem services and the trade-offs between\u00a0these services and those captured privately.<\/p>\n<p>Find out more, by reading the paper\u00a0<a href=\"https:\/\/primaryforestsandclimate.org\/publications\/how-much-is-that-forest-worth\/\"><em>H<\/em><em>ow much is that forest worth?<\/em><\/a>.<\/p>\n<\/div>\n<\/div><\/div><div id=\"panel-w63a02f200851c-0-0-2\" class=\"so-panel widget widget_sow-editor panel-last-child\" data-index=\"2\" ><div class=\"keypoint-block panel-widget-style panel-widget-style-for-w63a02f200851c-0-0-2\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h3 style=\"text-align: left;\">Key findings<\/h3>\n<p>A failure to evaluate the economic value trade-offs involved in\u00a0different forest uses and management can\u00a0result in economic information that can, for\u00a0example, seemingly support the conversion\u00a0of primary forests to forests used for logging.<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div id=\"pg-684-3\"  class=\"panel-grid panel-has-style\" ><div class=\"video-grey-row white-text panel-row-style panel-row-style-for-684-3\" ><div id=\"pgc-684-3-0\"  class=\"panel-grid-cell\" ><div id=\"panel-684-3-0-0\" class=\"so-panel widget widget_siteorigin-panels-builder panel-first-child panel-last-child\" data-index=\"4\" ><div class=\"extra-wide-row panel-widget-style panel-widget-style-for-684-3-0-0\" ><div id=\"pl-w63a05ec4759ac\"  class=\"panel-layout\" ><div id=\"pg-w63a05ec4759ac-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-w63a05ec4759ac-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-w63a05ec4759ac-0-0-0\" class=\"so-panel widget widget_media_video panel-first-child panel-last-child\" data-index=\"0\" ><div style=\"width:100%;\" class=\"wp-video\"><!--[if lt IE 9]><script>document.createElement('video');<\/script><![endif]-->\n<video class=\"wp-video-shortcode\" id=\"video-307-1\" preload=\"metadata\" controls=\"controls\"><source type=\"video\/youtube\" src=\"https:\/\/www.youtube.com\/watch?v=OUKRjELL7jM&#038;_=1\" \/><a href=\"https:\/\/www.youtube.com\/watch?v=OUKRjELL7jM\">https:\/\/www.youtube.com\/watch?v=OUKRjELL7jM<\/a><\/video><\/div><\/div><\/div><div id=\"pgc-w63a05ec4759ac-0-1\"  class=\"panel-grid-cell\" ><div id=\"panel-w63a05ec4759ac-0-1-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"1\" ><div class=\"panel-widget-style panel-widget-style-for-w63a05ec4759ac-0-1-0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h3 style=\"text-align: left; margin: 0;\"><span class=\"orange-background-text\">Video explainer: Regenerative forest economies<\/span><\/h3>\n<p>The. economics teams from Griffith University and Woods Hole Climate Research Center introduce how environmental economics can play a role in demonstrating \u2013 or quantifying (often in dollar terms) many forest values \u2013 and economics can also play a role in designing schemes that can help forest communities begin to capture the benefits provided by conservation efforts.<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div id=\"pg-684-4\"  class=\"panel-grid panel-has-style\" ><div class=\"white-row panel-row-style panel-row-style-for-684-4\" id=\"community-preferences\" ><div id=\"pgc-684-4-0\"  class=\"panel-grid-cell\" ><div id=\"panel-684-4-0-0\" class=\"so-panel widget widget_siteorigin-panels-builder panel-first-child panel-last-child\" data-index=\"5\" ><div class=\"full-width-row panel-widget-style panel-widget-style-for-684-4-0-0\" ><div id=\"pl-w635cc2d84b0ad\"  class=\"panel-layout\" ><div id=\"pg-w635cc2d84b0ad-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-w635cc2d84b0ad-0-0\"  class=\"panel-grid-cell panel-grid-cell-mobile-last\" ><div id=\"panel-w635cc2d84b0ad-0-0-0\" class=\"so-panel widget widget_siteorigin-panels-builder panel-first-child panel-last-child\" data-index=\"0\" ><div class=\"standard-padding row-1 white-row panel-widget-style panel-widget-style-for-w635cc2d84b0ad-0-0-0\" ><div id=\"pl-w635cbf23847f9\"  class=\"panel-layout\" ><div id=\"pg-w635cbf23847f9-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-w635cbf23847f9-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-w635cbf23847f9-0-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child\" data-index=\"0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h2 style=\"text-align: left;\">Assessing community preferences for conservation<\/h2>\n<p>A key theme emerging from our economics-related work is the importance of understanding community preferences for the trade-off between primary forest preservation and community livelihoods development.<\/p>\n<p>Primary forests in the tropics, include the Amazon and Central West Africa are homes to Indigenous Peoples and are commonly under local management, which includes long-term careful harvesting of forest resources, which can include timber for fuel and building materials.<\/p>\n<p>More recent pressures, which includes pressure on the forest fringes from subsistence agriculture, population growth, and migration, are challenging the sustainability of the forest harvesting practices. Communities also face pressure (and can see economic benefit from) more extractive forest management practices and clearing for commercial agriculture and mining.<\/p>\n<p>Primary forest conservation needs to be placed in the context of livelihoods support and economic development aspirations of forest communities. Conservation schemes need to carefully understand the specific deforestation drivers in an area and also what incentives might be effective in discouraging forest degradation and removal.<\/p>\n<p>Our project undertook a number of studies that provide insight into <em>what benefits<\/em> and <em>what value of benefits<\/em> might be effective in encouraging communities to manage primary forest regions in a way that can meet both climate and biodiversity goals and ensure equitable benefits sharing.<\/p>\n<\/div>\n<\/div><\/div><div id=\"panel-w635cbf23847f9-0-0-1\" class=\"so-panel widget widget_sow-editor panel-last-child\" data-index=\"1\" ><div class=\"keypoint-block panel-widget-style panel-widget-style-for-w635cbf23847f9-0-0-1\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h3>Key findings<\/h3>\n<ul>\n<li>Communities can have a preference for compensation in the form of community assets, such as medical centres and schools<\/li>\n<li>Where cash has good utility (i.e. in places where it can buy things) a level of cash payment can be preferred<\/li>\n<li>When projects invest in community engagement, there can be greater acceptance of compensation schemes<\/li>\n<li>There can be an aspiration for the continued development of farming and so compensation schemes may inadvertently stir-up future land use tensions if the design of the scheme does not reconcile agricultural development and conservation<\/li>\n<\/ul>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div id=\"pgc-w635cc2d84b0ad-0-1\"  class=\"panel-grid-cell panel-grid-cell-empty\" ><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div id=\"pg-684-5\"  class=\"panel-grid panel-has-style\" ><div class=\"light-grey-row panel-row-style panel-row-style-for-684-5\" ><div id=\"pgc-684-5-0\"  class=\"panel-grid-cell\" ><div id=\"panel-684-5-0-0\" class=\"so-panel widget widget_lsow-portfolio panel-first-child panel-last-child\" data-index=\"6\" ><div class=\"extra-wide-row panel-widget-style panel-widget-style-for-684-5-0-0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-lsow-portfolio so-widget-lsow-portfolio-default-a9fe9d56a26a-307\"\n\t\t\t\n\t\t><h2 class=\"widget-title\">Economics publications<\/h2><div class=\"lsow-portfolio-wrap lsow-gapless-grid\"><div id=\"lsow-portfolio-662bf5f58bd9f\" class=\"lsow-portfolio js-isotope lsow-masonry lsow-grid-container  lsow-grid-desktop-3 lsow-grid-tablet-2 lsow-grid-mobile-1\" data-isotope-options='{ \"itemSelector\": \".lsow-portfolio-item\", \"layoutMode\": \"masonry\"}'><div data-id=\"id-2156\" class=\"lsow-grid-item lsow-portfolio-item  term-9 term-11 term-100\"><article id=\"post-2156\" class=\"post-2156 publications type-publications status-publish format-standard has-post-thumbnail hentry researchfield-micro-economic-valuation researchfield-planning-governance researchfield-redd publicationtype-research-papers author-andrew-buckwell author-brendan-mackey author-chris-fleming author-fitalew-taye author-glenn-bush author-joseph-zambo case_study-democratic-republic-of-congo\"><div class=\"lsow-project-image\"><a href=\"https:\/\/primaryforestsandclimate.org\/publications\/assessing-community-readiness-for-redd-projects-in-the-drc\/\" target=\"_self\"><img decoding=\"async\" src=\"https:\/\/primaryforestsandclimate.org\/wp-content\/uploads\/2022\/10\/1883-4x3-1-1024x768.jpg\" class=\"lsow-image skip-lazy no-lazyload exclude-me a3-notlazy wp-post-image\" alt=\"Carrying Q method in the DRC\" data-no-lazy=\"1\" loading=\"eager\" srcset=\"https:\/\/primaryforestsandclimate.org\/wp-content\/uploads\/2022\/10\/1883-4x3-1-1024x768.jpg 1024w, https:\/\/primaryforestsandclimate.org\/wp-content\/uploads\/2022\/10\/1883-4x3-1-300x225.jpg 300w, https:\/\/primaryforestsandclimate.org\/wp-content\/uploads\/2022\/10\/1883-4x3-1.jpg 1080w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><div class=\"lsow-image-info\"><div class=\"lsow-entry-info\"><h3 class=\"lsow-post-title\"><a href=\"https:\/\/primaryforestsandclimate.org\/publications\/assessing-community-readiness-for-redd-projects-in-the-drc\/\" title=\"Assessing community readiness for REDD+ projects in the DRC\" target=\"_self\" rel=\"bookmark\">Assessing community readiness for REDD+ projects in the DRC<\/a><\/h3><\/div><\/div><!-- .lsow-image-info --><\/div><div class=\"lsow-entry-text-wrap \"><h3 class=\"entry-title\"><a href=\"https:\/\/primaryforestsandclimate.org\/publications\/assessing-community-readiness-for-redd-projects-in-the-drc\/\" title=\"Assessing community readiness for REDD+ projects in the DRC\" target=\"_self\" rel=\"bookmark\">Assessing community readiness for REDD+ projects in the DRC<\/a><\/h3><div class=\"lsow-entry-meta\"><span class=\"published\"><abbr title=\"Friday, October, 2022, 4:13 pm\">28\/10\/2022<\/abbr><\/span><\/div><div class=\"entry-summary\">Payment for ecosystem service (PES) schemes are programmes that compensate forest communities for refraining from undertaking extractive uses, such as mining, intensive logging, and clearing. PES schemes can be important policy tools in meeting climate targets but effective deployment demands an understanding of local deforestation drivers and host communities\u2019 preferences.<\/div><\/div><\/article><!-- .hentry --><\/div><div data-id=\"id-2064\" class=\"lsow-grid-item lsow-portfolio-item  term-107\"><article id=\"post-2064\" class=\"post-2064 publications type-publications status-publish format-standard has-post-thumbnail hentry researchfield-economic-value publicationtype-policy-papers author-andrew-buckwell author-brendan-mackey author-chris-fleming author-fitalew-taye case_study-global\"><div class=\"lsow-project-image\"><a href=\"https:\/\/primaryforestsandclimate.org\/publications\/the-economic-value-of-the-worlds-forests\/\" target=\"_self\"><img decoding=\"async\" src=\"https:\/\/primaryforestsandclimate.org\/wp-content\/uploads\/2022\/10\/beech-tree-4x3-1.jpg\" class=\"lsow-image skip-lazy no-lazyload exclude-me a3-notlazy wp-post-image\" alt=\"Beech Tree\" data-no-lazy=\"1\" loading=\"eager\" srcset=\"https:\/\/primaryforestsandclimate.org\/wp-content\/uploads\/2022\/10\/beech-tree-4x3-1.jpg 800w, https:\/\/primaryforestsandclimate.org\/wp-content\/uploads\/2022\/10\/beech-tree-4x3-1-300x225.jpg 300w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/a><div class=\"lsow-image-info\"><div class=\"lsow-entry-info\"><h3 class=\"lsow-post-title\"><a href=\"https:\/\/primaryforestsandclimate.org\/publications\/the-economic-value-of-the-worlds-forests\/\" title=\"Policy brief: The economic value of the world&#8217;s forests\" target=\"_self\" rel=\"bookmark\">Policy brief: The economic value of the world&#8217;s forests<\/a><\/h3><\/div><\/div><!-- .lsow-image-info --><\/div><div class=\"lsow-entry-text-wrap \"><h3 class=\"entry-title\"><a href=\"https:\/\/primaryforestsandclimate.org\/publications\/the-economic-value-of-the-worlds-forests\/\" title=\"Policy brief: The economic value of the world&#8217;s forests\" target=\"_self\" rel=\"bookmark\">Policy brief: The economic value of the world&#8217;s forests<\/a><\/h3><div class=\"lsow-entry-meta\"><span class=\"published\"><abbr title=\"Friday, October, 2022, 11:55 am\">28\/10\/2022<\/abbr><\/span><\/div><div class=\"entry-summary\">Our planet\u2019s forests provide many benefits\u00a0to society\u2019s continued well-being yet are subjected to ongoing loss and degradation. These activities provide financial benefits but unless we understand the value of what is lost when the forests are cleared and degraded, we will not be able to make informed decisions about their use and management.\r\n<\/div><\/div><\/article><!-- .hentry --><\/div><div data-id=\"id-1253\" class=\"lsow-grid-item lsow-portfolio-item  term-9\"><article id=\"post-1253\" class=\"post-1253 publications type-publications status-publish format-standard has-post-thumbnail hentry researchfield-micro-economic-valuation publicationtype-research-papers author-andrew-buckwell author-brendan-mackey author-chris-fleming author-fitalew-taye case_study-global\"><div class=\"lsow-project-image\"><a href=\"https:\/\/primaryforestsandclimate.org\/publications\/how-much-is-that-forest-worth\/\" target=\"_self\"><img decoding=\"async\" src=\"https:\/\/primaryforestsandclimate.org\/wp-content\/uploads\/2022\/05\/rainforest-canopy-banner-2-1024x640.jpg\" class=\"lsow-image skip-lazy no-lazyload exclude-me a3-notlazy wp-post-image\" alt=\"Rainforest canopy\" data-no-lazy=\"1\" loading=\"eager\" srcset=\"https:\/\/primaryforestsandclimate.org\/wp-content\/uploads\/2022\/05\/rainforest-canopy-banner-2-1024x640.jpg 1024w, https:\/\/primaryforestsandclimate.org\/wp-content\/uploads\/2022\/05\/rainforest-canopy-banner-2-300x188.jpg 300w, https:\/\/primaryforestsandclimate.org\/wp-content\/uploads\/2022\/05\/rainforest-canopy-banner-2.jpg 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><div class=\"lsow-image-info\"><div class=\"lsow-entry-info\"><h3 class=\"lsow-post-title\"><a href=\"https:\/\/primaryforestsandclimate.org\/publications\/how-much-is-that-forest-worth\/\" title=\"How much is that forest worth? The economic value of global forest ecosystems\" target=\"_self\" rel=\"bookmark\">How much is that forest worth? The economic value of global forest ecosystems<\/a><\/h3><\/div><\/div><!-- .lsow-image-info --><\/div><div class=\"lsow-entry-text-wrap \"><h3 class=\"entry-title\"><a href=\"https:\/\/primaryforestsandclimate.org\/publications\/how-much-is-that-forest-worth\/\" title=\"How much is that forest worth? The economic value of global forest ecosystems\" target=\"_self\" rel=\"bookmark\">How much is that forest worth? The economic value of global forest ecosystems<\/a><\/h3><div class=\"lsow-entry-meta\"><span class=\"published\"><abbr title=\"Thursday, November, 2021, 1:05 pm\">18\/11\/2021<\/abbr><\/span><\/div><div class=\"entry-summary\">The number of studies on valuation of forest ecosystem services is increasing over time, but limited in covering important regions and forest types. The values are diverse in nature for different forest features and ecological zones. The economic value is greatest when the ecosystem services are considered together, instead of when individual extractive uses are used in insolation. <\/div><\/div><\/article><!-- .hentry --><\/div><div data-id=\"id-530\" class=\"lsow-grid-item lsow-portfolio-item  term-9\"><article id=\"post-530\" class=\"post-530 publications type-publications status-publish format-standard has-post-thumbnail hentry researchfield-micro-economic-valuation publicationtype-research-papers author-andrew-buckwell author-brendan-mackey author-chris-fleming author-fitalew-taye case_study-global\"><div class=\"lsow-project-image\"><a href=\"https:\/\/primaryforestsandclimate.org\/publications\/economic-values-of-the-worlds-forest-ecosystem-services\/\" target=\"_self\"><img decoding=\"async\" src=\"https:\/\/primaryforestsandclimate.org\/wp-content\/uploads\/2021\/11\/sunlight-through-forest.jpg\" class=\"lsow-image skip-lazy no-lazyload exclude-me a3-notlazy wp-post-image\" alt=\"Sunlight through forests\" data-no-lazy=\"1\" loading=\"eager\" srcset=\"https:\/\/primaryforestsandclimate.org\/wp-content\/uploads\/2021\/11\/sunlight-through-forest.jpg 1000w, https:\/\/primaryforestsandclimate.org\/wp-content\/uploads\/2021\/11\/sunlight-through-forest-300x200.jpg 300w, https:\/\/primaryforestsandclimate.org\/wp-content\/uploads\/2021\/11\/sunlight-through-forest-272x182.jpg 272w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/a><div class=\"lsow-image-info\"><div class=\"lsow-entry-info\"><h3 class=\"lsow-post-title\"><a href=\"https:\/\/primaryforestsandclimate.org\/publications\/economic-values-of-the-worlds-forest-ecosystem-services\/\" title=\"Economic values of the world&#8217;s forest ecosystem services\" target=\"_self\" rel=\"bookmark\">Economic values of the world&#8217;s forest ecosystem services<\/a><\/h3><\/div><\/div><!-- .lsow-image-info --><\/div><div class=\"lsow-entry-text-wrap \"><h3 class=\"entry-title\"><a href=\"https:\/\/primaryforestsandclimate.org\/publications\/economic-values-of-the-worlds-forest-ecosystem-services\/\" title=\"Economic values of the world&#8217;s forest ecosystem services\" target=\"_self\" rel=\"bookmark\">Economic values of the world&#8217;s forest ecosystem services<\/a><\/h3><div class=\"lsow-entry-meta\"><span class=\"published\"><abbr title=\"Sunday, November, 2021, 12:43 pm\">07\/11\/2021<\/abbr><\/span><\/div><div class=\"entry-summary\">Economic studies published between 1990 and 2018 from primary forests around the world were reviewed to create a database of forest values. This database represents a 'meta-analysis' of the economic values of global forest ecosystem services in a readily comparable measure. <\/div><\/div><\/article><!-- .hentry --><\/div><div data-id=\"id-571\" class=\"lsow-grid-item lsow-portfolio-item  term-9\"><article id=\"post-571\" class=\"post-571 publications type-publications status-publish format-standard has-post-thumbnail hentry researchfield-micro-economic-valuation publicationtype-presentation author-andrew-buckwell author-chris-fleming author-fitalew-taye author-glenn-bush case_study-global\"><div class=\"lsow-project-image\"><a href=\"https:\/\/primaryforestsandclimate.org\/publications\/regenerative-forest-economies-micro-economics-perspectives\/\" target=\"_self\"><img decoding=\"async\" src=\"https:\/\/primaryforestsandclimate.org\/wp-content\/uploads\/2022\/05\/regenerative-forest-economies.jpg\" class=\"lsow-image skip-lazy no-lazyload exclude-me a3-notlazy wp-post-image\" alt=\"Video screenshot\" data-no-lazy=\"1\" loading=\"eager\" srcset=\"https:\/\/primaryforestsandclimate.org\/wp-content\/uploads\/2022\/05\/regenerative-forest-economies.jpg 1000w, https:\/\/primaryforestsandclimate.org\/wp-content\/uploads\/2022\/05\/regenerative-forest-economies-300x151.jpg 300w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/a><div class=\"lsow-image-info\"><div class=\"lsow-entry-info\"><h3 class=\"lsow-post-title\"><a href=\"https:\/\/primaryforestsandclimate.org\/publications\/regenerative-forest-economies-micro-economics-perspectives\/\" title=\"Regenerative forest economies: Micro-economics perspectives\" target=\"_self\" rel=\"bookmark\">Regenerative forest economies: Micro-economics perspectives<\/a><\/h3><\/div><\/div><!-- .lsow-image-info --><\/div><div class=\"lsow-entry-text-wrap \"><h3 class=\"entry-title\"><a href=\"https:\/\/primaryforestsandclimate.org\/publications\/regenerative-forest-economies-micro-economics-perspectives\/\" title=\"Regenerative forest economies: Micro-economics perspectives\" target=\"_self\" rel=\"bookmark\">Regenerative forest economies: Micro-economics perspectives<\/a><\/h3><div class=\"lsow-entry-meta\"><span class=\"published\"><abbr title=\"Wednesday, May, 2019, 2:20 pm\">08\/05\/2019<\/abbr><\/span><\/div><div class=\"entry-summary\">The micro-economics teams from Griffith University and Woods Hole Climate Research Center introduce how environmental economics can play a role in demonstrating - or quantifying (often in dollar terms) many forest values - and economics can also play a role in designing schemes that can help forest communities begin to capture the benefits provided by conservation efforts.  \r\n<\/div><\/div><\/article><!-- .hentry --><\/div><\/div><!-- .lsow-portfolio --><\/div><!-- .lsow-portfolio-wrap --><\/div><\/div><\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Micro-economic valuation techniques have been used to qualify and quantify the benefits of ecosystem services from the primary forests. <\/p>\n","protected":false},"author":1,"featured_media":688,"parent":674,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Economics &amp; valuation - Primary Forests &amp; Climate Program<\/title>\n<meta name=\"description\" content=\"Micro-economic valuation techniques have been used to qualify and quantify the benefits of ecosystem services from the primary forests.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/primaryforestsandclimate.org\/project-themes\/economics-valuation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economics &amp; valuation - Primary Forests &amp; Climate Program\" \/>\n<meta property=\"og:description\" content=\"Micro-economic valuation techniques have been used to qualify and quantify the benefits of ecosystem services from the primary forests.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/primaryforestsandclimate.org\/project-themes\/economics-valuation\/\" \/>\n<meta property=\"og:site_name\" content=\"Primary Forests &amp; 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