Valuing Nature via Ecosystem Services Valuation is straightforward using BASIN's RealValue Framework. Any polygon, any ecosystem, can be put into $/ac/yr or $/ha/yr for 18 Core Benefits of Natural Capital to show both the public goods values and anthropocentric values as related to the underlying real asset value.
$'s are a language we all speak and most understand. Besides the line item $ values and total annual economic $ value, the main indicator of RealValue is the Natural Capitalization Rate, which shows the relation between holistic value and real estate value. The Natural Cap Rate shows what sites have high conservation value and which have high restoration potential value relative to project cost.
RealValue helps answer the question: what is the higher and better use of this property as opposed to the common appraisal standards which focus solely on maximum financial productivity which almost always destroys the ecological and biotic communities for myopic human use.
And despite the criticism of Instrumental Values, putting a $ value on the benefits Nature provides will help protect the Intrinsic Value.
Valuing Nature via Ecosystem Services Valuation is straightforward using BASIN's RealValue Framework. Any polygon, any ecosystem, can be put into $/ac/yr or $/ha/yr for 18 Core Benefits of Natural Capital to show both the public goods values and anthropocentric values as related to the underlying real asset value.
$'s are a language we all speak and most understand. Besides the line item $ values and total annual economic $ value, the main indicator of RealValue is the Natural Capitalization Rate, which shows the relation between holistic value and real estate value. The Natural Cap Rate shows what sites have high conservation value and which have high restoration potential value relative to project cost.
RealValue helps answer the question: what is the higher and better use of this property as opposed to the common appraisal standards which focus solely on maximum financial productivity which almost always destroys the ecological and biotic communities for myopic human use.
And despite the criticism of Instrumental Values, putting a $ value on the benefits Nature provides will help protect the Intrinsic Value.