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Trends in Environmental Valuation
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Trends in Environmental Valuation

A special issue of International Journal of Environmental Research and Public Health (ISSN 1660-4601). This special issue belongs to the section "Environmental Science and Engineering".

Deadline for manuscript submissions: closed (31 March 2020) | Viewed by 25915

Special Issue Editor

Dr. Francisco Guijarro

E-Mail Website1 Website2
Guest Editor
Faculty of Business Administration and Management, Universitat Politècnica de València, 46022 Valencia, Spain
Interests: financial markets; trading strategies; valuation; sustainability
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

An accurate environmental valuation can be a useful tool to support habitat conservation policies. Quantifying the economic value associated with the protection of biological resources can help to prevent the deterioration of nature. The valuation of natural and environmental resources is just an attempt to put monetary values on environmental goods and natural resources. This way, any economic valuation must refer to the change in a stock and not to the intrinsic value of the environmental asset, i.e., it is not a question regarding the true value of biodiversity, ecosystems, or environment but of valuing changes and comparing them with their alternatives.

This Special Issue seeks research papers on various aspects of valuation of environmental assets. Especially, we encourage the submission of interdisciplinary works and multi-country collaborative research. We welcome original research papers using different valuation approaches, as well as systematic reviews of appraisal techniques.

Suitable topics include, but are not limited to, the following: market-based methods for valuing the environment, nonmarket valuation methods, multi-criteria decision-making techniques, hedonic property pricing, travel cost method, contingent valuation, choice modelling, etc.

Dr. Francisco Guijarro
Guest Editor

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. International Journal of Environmental Research and Public Health is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2500 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • environmental pricing
  • valuation methods
  • ecosystem value
  • environmental protection policy

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Published Papers (6 papers)

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Research

16 pages, 586 KiB  
Article
The Valuation of Recreational Use of Wetlands and the Impact of the Economic Crisis
by Fernando Vidal Gimenez and Claudio Ruiz Mas
Int. J. Environ. Res. Public Health 2020, 17(9), 3228; https://doi.org/10.3390/ijerph17093228 - 6 May 2020
Cited by 7 | Viewed by 3113
Abstract
The economic valuation of environmental resources is of great interest to society in general and to public managers in particular. It can promote more sustainable environmental policies, as it clearly shows the high economic value of natural resources. Thus, these valuation tools can [...] Read more.
The economic valuation of environmental resources is of great interest to society in general and to public managers in particular. It can promote more sustainable environmental policies, as it clearly shows the high economic value of natural resources. Thus, these valuation tools can provide useful evidence to support such policies by quantifying the economic value associated with the protection of such resources. However, there is an inherent difficulty in the implementation of methods to assess the economic valuation of environmental resources, mainly as a result of the absence of a market and hence a price that explains its social demand. However, both the travel cost method and the contingent valuation method used in this paper offer an approach to the economic values of the recreational services for wetlands. The aim is to analyze whether these values have been influenced by the economic crisis, so two time periods are compared separated for a decade. Results do not show an unequivocal influence between values in both periods, with different behaviors among natural areas, although with a certain tendency to increase in the decade being analyzed. Full article
(This article belongs to the Special Issue Trends in Environmental Valuation)
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14 pages, 3303 KiB  
Article
Analysis of Academic Literature on Environmental Valuation
by Francisco Guijarro and Prodromos Tsinaslanidis
Int. J. Environ. Res. Public Health 2020, 17(7), 2386; https://doi.org/10.3390/ijerph17072386 - 31 Mar 2020
Cited by 13 | Viewed by 5145
Abstract
Environmental valuation refers to a variety of techniques to assign monetary values to environmental impacts, especially non-market impacts. It has experienced a steady growth in the number of publications on the subject in the last 30 years. We performed a search for papers [...] Read more.
Environmental valuation refers to a variety of techniques to assign monetary values to environmental impacts, especially non-market impacts. It has experienced a steady growth in the number of publications on the subject in the last 30 years. We performed a search for papers containing the term “environmental valuation” in the title, abstract, or keywords. The search was conducted with an online literature search engine of the Web of Science (WoS) electronic databases. A search of this database revealed that the term “environmental valuation” appeared for the first time in 1987. Since then a large number of studies have been published, including significant breakthroughs in theory and applications. In the present work 661 publications were selected for a review of the literature on environmental valuation over the period 1987–2019. This paper analyzes the evolution of the leading methodologies and authors, highlights the preference for the choice experiment method over the contingent valuation method, and shows that relatively few papers have had a strong impact on the researchers in this area. Full article
(This article belongs to the Special Issue Trends in Environmental Valuation)
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21 pages, 713 KiB  
Article
Valuation Impacts of Environmental Protection Taxes and Regulatory Costs in Heavy-Polluting Industries
by Wen-Jun Tu, Xiao-Guang Yue, Wei Liu and M. James C. Crabbe
Int. J. Environ. Res. Public Health 2020, 17(6), 2070; https://doi.org/10.3390/ijerph17062070 - 20 Mar 2020
Cited by 30 | Viewed by 4050
Abstract
In 2016, the issue of the Environmental Protection Tax Law indicated the enhancement of environmental protection in China. This study examines the market reaction to firms in heavy-polluting industries, and the effects of external legal institutional quality and internal environmental disclosure on firm [...] Read more.
In 2016, the issue of the Environmental Protection Tax Law indicated the enhancement of environmental protection in China. This study examines the market reaction to firms in heavy-polluting industries, and the effects of external legal institutional quality and internal environmental disclosure on firm value around the passage of Environmental Protection Tax Law. Using an event study approach coupled with ordinary least square regressions, the researchers find a significantly negative market reaction to firms in heavy-polluting industries, but this negative reaction varies depending on the expected increase in future regulatory costs. Specifically, the above negative reaction is stronger when the firm reveals that itself or its subsidiary belongs to heavy-polluting industry, however it would be mitigated when a firm is in a region with better quality of legal institutions or discloses environmental improvement activities. Overall, the results are consistent with the market perceiving that the environmental protection tax law enacted would increase regulatory costs for firms in heavy-polluting industries, and also show the higher-quality regional legal institutions and more efforts on environmental protection could relieve the market’s pessimism caused by uncertainty. Full article
(This article belongs to the Special Issue Trends in Environmental Valuation)
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13 pages, 3248 KiB  
Article
Assessing the Impact of Road Traffic Externalities on Residential Price Values: A Case Study in Madrid, Spain
by Francisco Guijarro
Int. J. Environ. Res. Public Health 2019, 16(24), 5149; https://doi.org/10.3390/ijerph16245149 - 17 Dec 2019
Cited by 14 | Viewed by 3261
Abstract
This paper describes a study of the relationship between undesired road traffic externalities and residential price values in the Spanish city of Madrid. A large database was gathered, including the price and characteristics of 21,634 flats and road traffic intensity at 3904 different [...] Read more.
This paper describes a study of the relationship between undesired road traffic externalities and residential price values in the Spanish city of Madrid. A large database was gathered, including the price and characteristics of 21,634 flats and road traffic intensity at 3904 different points across the city. The results obtained by a hedonic model suggest that both distance from the traffic measurement point and average daily traffic are significantly related to the price of residential properties, even after controlling for structural and neighbourhood variables. Distance to traffic areas has a positive impact on dwelling prices, whilst these are negatively related to traffic intensity. Full article
(This article belongs to the Special Issue Trends in Environmental Valuation)
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26 pages, 16586 KiB  
Article
Vegetation Change and Its Relationship with Climate Factors and Elevation on the Tibetan Plateau
by Yixin Zhang, Guoce Xu, Peng Li, Zhanbin Li, Yun Wang, Bin Wang, Lu Jia, Yuting Cheng, Jiaxin Zhang, Shaohao Zhuang and Yiting Chen
Int. J. Environ. Res. Public Health 2019, 16(23), 4709; https://doi.org/10.3390/ijerph16234709 - 26 Nov 2019
Cited by 40 | Viewed by 3852
Abstract
As the “roof of the world”, the Tibetan Plateau (TP) is a unique geographical unit on Earth. In recent years, vegetation has gradually become a key factor reflecting the ecosystem since it is sensitive to ecological changes especially in arid and semi-arid areas. [...] Read more.
As the “roof of the world”, the Tibetan Plateau (TP) is a unique geographical unit on Earth. In recent years, vegetation has gradually become a key factor reflecting the ecosystem since it is sensitive to ecological changes especially in arid and semi-arid areas. Based on the normalized difference vegetation index (NDVI) dataset of TP from 2000 to 2015, this study analyzed the characteristics of vegetation variation and the correlation between vegetation change and climatic factors at different time scales, based on a Mann–Kendall trend analyses, the Hurst exponent, and the Pettitt change-point test. The results showed that the vegetation fractional coverage (VFC) generally increased in the past 16 years, with 60.3% of the TP experiencing an increase, of which significant (p < 0.05) increases accounted for 28.79% and were mainly distributed in the north of the TP. Temperature had the largest response with the VFC on the seasonal scale. During the growing season, the correlation between precipitation and sunshine duration with VFC was high (p < 0.05). The change-points of the VFC were mainly distributed in the north of the TP during 2007–2009. Slope and elevation had an impact on the VFC; the areas with large vegetation change are mainly distributed in slopes <20° and elevation of 3000–5000 m. For elevation above 3000–4000 m, the response of the VFC to precipitation and temperature was the strongest. This study provided important information for ecological environment protection and ecosystem degradation on the Tibetan Plateau. Full article
(This article belongs to the Special Issue Trends in Environmental Valuation)
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19 pages, 1123 KiB  
Article
The Heterogeneous Effects of Different Environmental Policy Instruments on Green Technology Innovation
by Ming Yi, Xiaomeng Fang, Le Wen, Fengtao Guang and Yao Zhang
Int. J. Environ. Res. Public Health 2019, 16(23), 4660; https://doi.org/10.3390/ijerph16234660 - 22 Nov 2019
Cited by 82 | Viewed by 5586
Abstract
Environmental regulation is an important driving force of green technology innovation. In this paper, environmental policy instruments are classified into three categories: command-control, market-incentive and social-will. Based on the panel data of 30 provinces in China from 2010 to 2017, a fixed effect [...] Read more.
Environmental regulation is an important driving force of green technology innovation. In this paper, environmental policy instruments are classified into three categories: command-control, market-incentive and social-will. Based on the panel data of 30 provinces in China from 2010 to 2017, a fixed effect model and a panel threshold regression model are used to test the heterogeneous effects of different types of environmental policy instruments on the green technology innovation in China. The results show that: (1) Overall, China’s environmental policy instruments do not provide sufficient impetus for green technology innovation; (2) The impact of command-control environmental policy instruments on green technology innovation has a single threshold effect. When its intensity exceeds a certain threshold, green technology innovation is improved. The impact of market-incentive environmental policy instruments on the green technology innovation shows a double threshold effect, that is to say, only when its intensity maintained within a reasonable interval, can green technology innovation be promoted by it; (3) There is significant spatial difference in the impact of different types of environmental policy instruments on green technology innovation. In order to induce green technology innovation, it is necessary to formulate a combined and differentiated environmental policy system, while rationally adjusting the strength of different types of environmental policy instruments. Full article
(This article belongs to the Special Issue Trends in Environmental Valuation)
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