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.
Complementary Accounting Network
Combines both monetary and non-monetary aspects. Captures economic, ecological and socio-cultural dimensions (e.g., biodiversity and ecosystem services losses and gains, ecosystem health, inequality) over time at both national, regional or local scales.
Hedonic Pricing
Alternative Futures
Takes current sets of environmental challenges and explores some of the possible future scenarios that plausibly may arise. It is a thought experiment to help promote and inform contingency planning for an uncertain future.
Bow-Tie Analysis
A structured risk and opportunity assessment methodology, based on ISO-accredited industry standards to analyse causes, consequences, and management options for biodiversity change in marine and coastal systems.
Physical Natural Capital Accounts
EcoFunMAP + PlanWise4Blue
A cumulative impact assessment tool that combines with EcoFunMAP (Food Web-based Ecosystem Functioning Mapping and Assessment Platform). Integrates food-web modelling with species biomass to map indicators of food-web structure, stability, and functioning at scales relevant for marine spatial planning.
Benefit Transfer
A set of techniques to estimate the economic value of non-market ecosystem services at a target site.
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).