Valuation of ecosystem services
Ecosystem services are often given an economic value in order to get a clearer understanding of the value of ecosystems. The economic value of ecosystems is often used in socio-economic cost-benefit analyses. An example of such a tool is discussed in the Contingent Valuation Method for Nature Valuation. For further reading on the valuation of Ecosystem services see the TEEB (The Economics of Ecosystems and Biodiversity) website here.