Valuation and compensation
of ecosystem services

Develop an accepted approach to valuation of ecosystem services and
propose compensation mechanisms for the provision of ecosystem
services by new marine uses in the Baltic Sea Region

Suggested actions

  • Assess the applicability of new marine uses on ecosystem services for different sub-regions of the BSR;
  • Proactively liaise and inform EU, HELCOM and relevant BSR Priority Areas of SUBMARINER initiatives related to valuation and compensation of ecosystem services;
  • Develop a practical BSR-wide methodology for valuation of ecosystem services, as the basis for ecosystem services compensation schemes, based on:
    • Identification of pertinent HELCOM/MSFD-based environmental indicators of Good Environmental Status (GES) which will serve as a basis for ecosystem service accounting and valuation;
    • Assessment of the relevance of different valuation methods for different sub-regions of the BSR including a comparison of integrated valuation methods;
    • Valuation analysis examples using SUBMARINER case study remediation instances addressing e.g. nutrient recycling, waste treatment and CO2 capture;
    • Cross-sectoral dialogue and approach to integrated remediation measures;
  • Develop recommendations and proposals for establishment of ecosystem service compensation schemes based on:
    • Regional analysis of existing and proposed (if any) compensation mechanisms;
    • Assessment of the role of private sector and NGOs and their capacity for ecosystem service system development; get them involved;
    • Investigation and development of relevant case studies;
    • Consideration and assessment of various possible schemes, e.g. via taxes (polluter pays, provider of ecosystem services gets subsidised), national and transnational models; possible
      voluntary initiatives (e.g. Baltic Sea friendly coastal municipality); market opportunities (e.g. farmers buy aquaculture products for fertilizer or biomass, N quotas);
    • Formulation of proposals for regional and BSR-wide policy requirements;
  • Generate life cycle assessments and techno-economic models pertinent to local conditions in the BSR to critically examine the costs and benefits of new uses and technologies compared with existing solutions (e.g. waste water treatment plants);
  • Assess the role of Blue Biotechnology products which are applied to the protection and management of marine ecosystems with respect to benefits to ecosystem services.

Ecosystem services

Network Coordinators

Actors

  • Relevant public and private research institutions and intermediary bodies

Related SUBMARINER Network projects

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