Response » Impact

Responses may also be conducted to evaluate the potential costs or benefits of any Impacts on the provision of Ecosystem Goods and Services.

Valuation methods seek to quantify the value of ecosystem services, such that their value can be incorporated into decision analyses for comparison of tradeoffs under alternative scenarios. 

• Monetary valuation methods – including willingness to pay, economic market values.
• Non-monetary valuation methods – including methods such as multi-criteria attribute theory which are used to quantify stakeholder preferences