Valuation

Elsevier, Global Environmental Change, Volume 26, May 2014
In 1997, the global value of ecosystem services was estimated to average $33. trillion/yr in 1995 $US ($46. trillion/yr in 2007 $US). In this paper, we provide an updated estimate based on updated unit ecosystem service values and land use change estimates between 1997 and 2011. We also address some of the critiques of the 1997 paper. Using the same methods as in the 1997 paper but with updated data, the estimate for the total global ecosystem services in 2011 is $125. trillion/yr (assuming updated unit values and changes to biome areas) and $145.