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
CIOB launches global mental health survey
To address the silent mental health crisis in construction.
New categories in sustainability, health and safety, and emerging talent.
Key takeaways from the BSRIA Briefing 2024
Not just waiting for Net Zero, but driving it.
The ISO answer to what is a digital twin
Talking about digital twins in a more consistent manner.
Top tips and risks to look out for.
New Code of Practice for fire and escape door hardware
Published by GAI and DHF.
Retrofit of Buildings, a CIOB Technical Publication
Pertinent technical issues, retrofit measures and the roles involved.
New alliance will tackle skills shortage in greater Manchester
The pioneering Electrotechnical Training and Careers Alliance.
Drone data at the edge: three steps to better AI insights
Offering greater accuracy and quicker access to insights.
From fit-out to higher-risk buildings.
Heritage conservation in Calgary
The triple bottom line.
College of West Anglia apprentice wins SkillELECTRIC gold.
Scottish government launch delivery plan
To strengthen planning and tackle the housing emergency.
How people react in ways which tend to restore their comfort.
Comfort is a crucial missing piece of the puzzle.
ECA launches Recharging Electrical Skills Charter in Wales
Best solutions for the industry and electrical skills in Wales.
New homebuilding skills hub launch and industry response
Working with CITB and NHBC to launch fast track training.