Objective:
The objective of the proposed study is to estimate the economic value of the ecosystem services and benefits provided by various types of land uses found within the part of Julienne Carly’s property in North Bay, Ontario, presenting a corridor approximately 200 m wide and 5 km long across the property. The proposal summarizes the required actions, as well as estimates associated costs and duration of the natural capital valuation. The proposed consulting report is intended to assist Ms. Carly’s lawyer and serve as a basis for filing a civil suit against the district.
Introduction:
Natural capital valuation measures and assesses nature’s benefits in terms of ecosystem goods and services, such as water, air, land, and renewable and …show more content…
It measures avoided damage costs or replacement costs of a specific ecosystem service (Modee, 2014). David Suzuki Foundation has recently conducted a natural capital valuation for the proposed Rouge National Urban Park. The study consisted of several parts: physical natural capital inventory, typology and identification of ecosystem services and benefits, non-market ecosystem service & market values, and mapping of land cover and ecosystem goods and services. One of the key challenges of the study was to fully monetize all ecosystem service benefits due to limited availability of data and information. However, such challenge is encountered in virtually any non-market valuation, and David Suzuki Foundation’s natural capital valuation framework provides a good estimation based on provided data (Wilson, 2012).
We propose to apply a similar multi-part natural capital valuation approach to monetize the value of Ms. Carly’s property corridor. However, we will omit mapping of land cover and ecosystem goods and services, as it does not present useful information for litigation purposes and would extend the duration of the …show more content…
Physical natural capital inventory:
The physical account of natural capital and land use will be based on the land cover data from the Southern Ontario Land Resource Information System (SOLRIS 2000-2002) to estimate the area of each land cover, ecosystem, and land use type.
2. Typology and identification of ecosystem services and benefits:
The typology of ecosystem services will be based on classification developed by The Economics of Ecosystems and Biodiversity (TEEB) Foundations report. The identification of these services will be determined by ascribing services typical to each land cover type. The ecosystem services will be attributed based on a review of relevant literature in addition to a review of local information sources.
3. Non-market ecosystem service & market values:
The economic value of the ecosystem benefits will be assessed for each land cover type. The valuation will be based on the TEEB methodology described in their Ecological and Economic Foundations report. The market value of croplands will be estimated based on average net farm revenue per hectare in Ontario (Wilson, 2012).
Work
The objective of the proposed study is to estimate the economic value of the ecosystem services and benefits provided by various types of land uses found within the part of Julienne Carly’s property in North Bay, Ontario, presenting a corridor approximately 200 m wide and 5 km long across the property. The proposal summarizes the required actions, as well as estimates associated costs and duration of the natural capital valuation. The proposed consulting report is intended to assist Ms. Carly’s lawyer and serve as a basis for filing a civil suit against the district.
Introduction:
Natural capital valuation measures and assesses nature’s benefits in terms of ecosystem goods and services, such as water, air, land, and renewable and …show more content…
It measures avoided damage costs or replacement costs of a specific ecosystem service (Modee, 2014). David Suzuki Foundation has recently conducted a natural capital valuation for the proposed Rouge National Urban Park. The study consisted of several parts: physical natural capital inventory, typology and identification of ecosystem services and benefits, non-market ecosystem service & market values, and mapping of land cover and ecosystem goods and services. One of the key challenges of the study was to fully monetize all ecosystem service benefits due to limited availability of data and information. However, such challenge is encountered in virtually any non-market valuation, and David Suzuki Foundation’s natural capital valuation framework provides a good estimation based on provided data (Wilson, 2012).
We propose to apply a similar multi-part natural capital valuation approach to monetize the value of Ms. Carly’s property corridor. However, we will omit mapping of land cover and ecosystem goods and services, as it does not present useful information for litigation purposes and would extend the duration of the …show more content…
Physical natural capital inventory:
The physical account of natural capital and land use will be based on the land cover data from the Southern Ontario Land Resource Information System (SOLRIS 2000-2002) to estimate the area of each land cover, ecosystem, and land use type.
2. Typology and identification of ecosystem services and benefits:
The typology of ecosystem services will be based on classification developed by The Economics of Ecosystems and Biodiversity (TEEB) Foundations report. The identification of these services will be determined by ascribing services typical to each land cover type. The ecosystem services will be attributed based on a review of relevant literature in addition to a review of local information sources.
3. Non-market ecosystem service & market values:
The economic value of the ecosystem benefits will be assessed for each land cover type. The valuation will be based on the TEEB methodology described in their Ecological and Economic Foundations report. The market value of croplands will be estimated based on average net farm revenue per hectare in Ontario (Wilson, 2012).
Work