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
Humidity resilience strategies for home design
Frequency of extreme humidity events is increasing.
National Apprenticeship Week 2025
Skills for life : 10-16 February
Update on the future of Grenfell Tower
Deputy Prime Minister decides for it be carefully taken down to the ground.
Ending decades of frustration, misinformation and distrust.
Essential tools in managing historically significant landscapes.
Classroom electrician courses a 'waste of money'
Say experts from the Electrical Contractors’ Association.
Wellbeing in Buildings TG 10/2025
BSRIA topic guide updates.
With brief background and WELL v2™.
From studies, to books to a new project, with founder Emma Walshaw.
Types of drawings for building design
Still one of the most popular articles the A-Z of drawings.
Who, or What Does the Building Safety Act Apply To?
From compliance to competence in brief.
The remarkable story of a Highland architect.
Commissioning Responsibilities Framework BG 88/2025
BSRIA guidance on establishing clear roles and responsibilities for commissioning tasks.
An architectural movement to love or hate.
Don’t take British stone for granted
It won’t survive on supplying the heritage sector alone.
The Constructing Excellence Value Toolkit
Driving value-based decision making in construction.