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
New Great British Energy partnership launched
Crown estate help to turbocharge energy independence.
ECA Industry Awards 2024 shortlist revealed
22 leading businesses from across the electrotechnical and engineering services sector.
Government unveils Skills England strategy
Skills England to transform opportunities and drive growth.
New Government Hub for York Given Planning Green Light
For up to 2,600 civil servants, due for completion by 2028.
Construction Skills Certification Scheme cards
July update on Professionally Qualified and Academically Qualified Person Cards.
BSRIA Briefing 2024, November 22
Sustainable Futures: Redefining Retrofit for Net Zero Living.
The CLC on driving competency in the retrofit sector
Previously published roadmap on skills for net zero.
The first labour government King's speech in fifteen years
Construction industry reactions, support and some concern.
CIOB Retrofit of Buildings Technical Information Sheet
What retrofit is, the approach to be taken and processes to be followed.
Adapting Historic Buildings for Energy and Carbon Efficiency
Historic England advice note 18, free download published.
10 retrofit projects revisited 10 years after completion.
Information orders, building liability orders and SPVs
Key BSA terms and how they impact special purpose vehicles.
Listed despite problems with its design.
Zen and the art of cycling exploration.
Design Council Homes Taskforce launched
To support government 1.5 million homes target within UK climate commitments.