Travel Cost
Estimates the recreational value of natural locations by analysing how much people will pay to visit it. The difference between the maximum amount a visitor is willing to pay for visiting the site and the actual cost incurred in traveling to the site is the “consumer surplus” and can be used as a monetary expression of the value of the site.
Stated Preference Methods
Questionnaire-based assessment of non-market valuation of environmental goods or services in a hypothetical market, such as improvements in water quality or biodiversity associated with an intervention policy. Willingness to pay (WTP) for the good is estimated using statistical procedures.
Hedonic Pricing
B4M
Uses a published methodology for estimating the value of marine environments at sub-national scales, for management purposes. Integrates natural capital accounting with spatial mapping of marine habitats, based on understanding of the links between habitats and ecosystem services.
EVTool
A simplified instrument for estimating the value of ecosystem services adapted to the available information. Three categories are considered: 1) provisioning (wild fish), 2) regulating and maintenance (global climate regulation) and 3) cultural (recreation and visual amenity).