Services from the deep: Steps towards valuation of deep sea goods and services

Services from the deep: Steps towards valuation of deep sea goods and services

Primary Country: multiple
Ecosystem: deep sea
Sample Value Estimates:
(a) for the cultural services, the important gaps are in how humans relate to, and value, the services, and the challenges are primarily methodological, e.g. reliable ways of applying stated preference methods to environments with which people are not familiar or in developing appropriate deliberative value articulation methods (b) For the regulating and supporting services, we need better scientific understanding of the determinants of rates of processes and functions providing services, and the threats posed by human activity. In some cases there are substantial uncertainties on the economics side too – for example in the valuation of nutrient cycling – though in some cases generally accepted values are in use, or can be derived, notably for carbon capture and storage. (c) For provisioning services, our level of understanding is generally better, but there remain important gaps in data, in understanding human behaviour in exploiting the resources, and in modelling dynamic interactions over time.

Publication information

Armstrong, C.W. N.S. FoleyR. TinchS. van den Hove “Services from the deep: Steps towards valuation of deep sea goods and services” Ecosystem Services 2 (2012) 2–13, 2012

Addtional Notes

As indicated initially, there are limits to what can be expressed in monetary terms and, in particular for environments as remote as the deep sea, there is little prospect of ever being able to provide comprehensive monetary valuation for all ecosystem goods and services. So in addition to the research on monetary valuation of deep-sea goods and services, more research and practice are needed on alternative ways of articulating values and of building different value evidence and evidence of human impacts in decision-making processes. This could build on existing research on, and practice with, non-monetary valuation concepts and techniques, research on rationality in the field of decision sciences, and research on and implementation of the precautionary principle and decision-making under uncertainty and ignorance.

Information provided when available, for more information please visit the original database or PDF.