Environmental value concepts
RICS Insight Paper ‘Value of natural capital - the need for chartered surveyors’ published by the Royal Institution of Chartered Surveyors in 2017 defines a number of environmental value concepts:
Contents |
[edit] Altruistic value
‘The value we place on the knowledge that environmental resources are available for other beneficiaries even if no personal benefit is derived from them.’
[edit] Bequest value
‘The value we place on the knowledge that environmental resources will be available for future generations, even if no personal benefit is derived from them.’
[edit] Economic value
‘Worth to particular people or to society as a whole. Can mean the same as social value and societal value.’
[edit] Existence value
‘The value we place on the existence of environmental resources irrespective of human use or engagement with them.’
[edit] Non-use value
‘A collective term for altruistic, bequest and existence value.’
[edit] Option value
‘The value of knowing that resources will be available to us in future, even if we don’t use them now.’
[edit] Total economic value
‘Portmanteau phrase to characterise and value the benefits that people receive from the environment.’
[edit] Use value
‘The value of personal benefits from use of the natural environment. These personal benefits may be direct and indirect, they may be from present use and future use.’
[edit] Related articles on Designing Buildings Wiki
Featured articles and news
Deputy editor of AT, Tim Fraser, discusses the newly formed society with its current chair, Chris Halligan MCIAT.
Barratt Lo-E passivhaus standard homes planned enmasse
With an initial 728 Lo-E homes across two sites and many more planned for the future.
Government urged to uphold Warm Homes commitment
ECA and industry bodies write to Government concerning its 13.2 billion Warm Homes manifesto commitment.
Places of Worship in Britain and Ireland, 1929-1990. Book review.
The emancipation of women in art.
CIOB Construction Manager of the Year 2025
Just one of the winners at the CIOB Awards 2025.
Call for independent National Grenfell oversight mechanism
MHCLG share findings of Building Safety Inquiry in letter to Secretary of State and Minister for Building Safety.
The Architectural Technology Awards
AT Awards now open for this the sixth decade of CIAT.
50th Golden anniversary ECA Edmundson awards
Deadline for submissions Friday 30 May 2025.
The benefits of precast, off-site foundation systems
Top ten benefits of this notable innovation.
Encouraging individuals to take action saving water at home, work, and in their communities.
Takes a community to support mental health and wellbeing
The why of becoming a Mental Health Instructor explained.
Mental health awareness week 13-18 May
The theme is communities, they can provide a sense of belonging, safety, support in hard times, and a sense purpose.
Mental health support on the rise but workers still struggling
CIOB Understanding Mental Health in the Built Environment 2025 shows.
Design and construction material libraries
Material, sample, product or detail libraries a key component of any architectural design practice.
Construction Products Reform Green Paper and Consultation
Still time to respond as consultation closes on 21 May 2025.
Resilient façade systems for smog reduction in Shanghai
A technical approach using computer simulation and analysis of solar radiation, wind patterns, and ventilation.