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The purpose of this paper is to indicate the valuation importance of externalities derived from the urban ecosystem services (UES) in terms of their applicability in the appraisal process of urban regeneration projects co-fi nanced from European funds. Specifi cally, it examines the impact of UES on the project's economic performance, and thereby on human quality of life. Using the discounted cash flow method, this paper estimates the project's economic performance indicators including the identifi ed UES upon their prior valuation. The valuation was carried out on the basis of the benefi t analysis, contingent valuation method - "willingness to pay" - and benefi t transfer method, as recommended by Bernaciak, Wojcieszak (2014) and Zawojska et al. (2016). Results show that urban projects including UES are characterised by the higher values of the economic performance indicators and they should be assessed higher than projects with little or no UES because of their stronger contribution to the sustainable development of urban areas. In spite of the fact that there are limitations due to the UES valuation techniques used in the study, the presented approach could be an important tool for the project's appraisal. (original abstract)
Twórcy
autor
- Poznań University of Economics and Business, Poland
autor
- Poznań University of Economics and Business, Poland
autor
- Poznan University of Life Sciences, Poland
Bibliografia
- Atkinson G. et al. (2018), Cost-Beneit Analysis and the Environment: Further Developments and Policy Use, https://doi.org/10.1787/9789264085169-en
- Bernaciak A. (2015), Inwentaryzacja i wycena wartości drzew w przestrzeni publicznej Kórnika w kontekście postulatów polityki ekologicznej Unii Europejskiej, "Studia i Prace WNEiZ" No. 42(42), p. 11-20, https://doi.org/10.18276/sip.2015.42/2-01
- Bernaciak A., Wojcieszak M. (2014), The valuation of trees in the urbanized areas with the compensation/replacement method and beneits analysis (the case of the city of Gniezno), "Economics and Environment" No. 51(4), p. 187-197
- Boyd J., Banzhaf S. (2007), What are ecosystem services? The need for standardized environmental accounting units, "Ecological Economics" No. 63(2-3), p. 616-626, https://doi.org/10.1016/j.ecolecon.2007.01.002
- Capello R., Faggian A. (2002), An economic-ecological model of urban growth and urban externalities: empirical evidence from Italy, "Ecological Economics" No. 40(2), p. 181-198, https://doi.org/10.1016/S0921-8009(01)00252-X
- Carey D.I. (1993), Development based on carrying capacity, "Global Environmental Change" No. 3(2), p. 140-148, https://doi.org/10.1016/0959-3780(93)90002-3
- Dąbrowski M. (2014), Engineering Multilevel Governance? Joint European Support for Sustainable Investment in City Areas (JESSICA) and the Involvement of Private and Financial Actors in Urban Development Policy, "Regional Studies" No. 48(12), p. 2006-2019, https://doi.org/10.1080/00343404.2014.914625
- de Groot R.S. et al. (2002), A typology for the classiication, description and valuation of ecosystem functions, goods and services "Ecological Economics" No. 41(3), p. 393-408, https://doi.org/10.1016/S0921-8009(02)00089-7 EEA (2011), Green infrastructure and territorial cohesion.
- EEA Technical Report, (18), p. 1-138, https://doi.org/10.2800/88266
- European Commission (2013), JESSICA: Joint European Support for Sustainable Investment in City Areas, https://ec.europa.eu/regional_policy/en/funding/specialsupport-instruments/jessica/
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