Marine and coastal ecosystems provide many ecosystem services that are essential to human communities, including food, recreational opportunities, and protection of infrastructure from natural disasters. These benefits are not often framed in economic terms, which can lead to them being overlooked in decision-making. Communicating ecosystem services in economic terms can support more holistic decision-making that accounts for the full range of benefits these systems provide. In this webinar, Angela Fletcher and Glen Delaney of Earth Economics will introduce the fundamentals of ecosystem service valuation and demonstrate how they have applied these methods in marine and coastal contexts. Earth Economics is a nonprofit economic consultancy with 26 years of experience applying valuation techniques in decision-making, policy, and project implementation. They will begin with a brief overview of ecosystem services and valuation basics, then walk through three real-world case studies that illustrate how valuation can inform conservation, restoration, and policy decisions: a valuation study of kelp forests along the California coast; the use of valuation to inform a National Marine Sanctuary application for the St. George Unangan Heritage site; and how valuation can support funding for salmon habitat restoration in the Duckabush Estuary in Washington State.
