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
A dynamic brand built for impact stitched into BSRIA’s building fabric.
NBS launches industry guide for specification writing
Available for free and as immediate download.
Peter Barber’s work revives forgotten building types.
Insights of how to attract more young people to construction
Results from CIOB survey of 16-24 year olds and parents.
Focussing on the practical implementation of electrification.
Preston flood scheme completes primary school SuDS
Three primary schools benefit from SuDS schemes.
Sustainable Urban Drainage and Biodiversity
Awards for champions of these interconnected fields now open.
Microcosm of biodiversity in balconies and containers
Minor design adaptations for considerable biodiversity benefit.
CIOB student competitive construction challenge Ireland
Inspiring a new wave of Irish construction professionals.
Challenges of the net zero transition in Scotland
Skills shortage and ageing workforce hampering Scottish transition to net zero.
Private rental sector, living standards and fuel poverty
Report from the NRH in partnership with Impact on Urban Health.
.Cold chain condensing units market update
Tracking the evolution of commercial refrigeration unit markets.
Attending a conservation training course, personal account
The benefits of further learning for professsionals.
Restoring Alexander Pope's grotto
The only surviving part of his villa in Twickenham.
International Women's Day 8 March, 2025
Accelerating Action for For ALL Women and Girls: Rights. Equality. Empowerment.
Lack of construction careers advice threatens housing targets
CIOB warning on Government plans to accelerate housebuilding and development.
BSRIA market intelligence division key appointment
Lisa Wiltshire to lead rapidly growing Market Intelligence division.