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Summary
We create an ecosystem service valuation model to understand the true
cost of land use projects by modeling the value of the unaffected ecosystem
services and the extent in which they are impacted by the land use develop-
ment. Due to these considerations the model is most capable of evaluating
the value of ecosystem services that are most likely to be damaged by land
development. We achieve this by considering variables from the land use
project itself and variables from the location the project will be built in.
The variables we consider for the project are the area and how eco-
friendly it is. The variables we consider for the environment of the projects
are the biome, its proximity to urban centers, precipitation, cost of energy
in the region, and canopy coverage.
When evaluating the ecosystem services themselves, we divided the
type of services into two broad categories: direct and indirect use ser-
vices. We draw upon a variety of well-established methods for valuation
including, but not limited to: market-based valuation, the replacement cost
method, avoided costs, and benefit transfer. We also utilize two data sets:
The Economics of Ecosystems and Biodiversity Valuation Database (TEEB)
and Emergy Society’s Database.
Our model is tested on six different case studies, finding the total mon-
etary cost of the ecosystem services affected by land use projects:
Project Ecological Cost (USD)
Road construction in Cairo, Egypt $219
Housing in Washington, US $502
Facebook MPK20 in CA, US $19,110
Road construction in Hobart, Australia $1.7 million
´
Vıa Verde Pipeline in Puerto Rico $642 million
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