valuation case study - moorcroft wood - picture The Economic Evaluation of Moorcroft Wood LNR and the Influence of the Black Country Living Landscape Community Involvement Programme
Prepared for: Birmingham & The Black Country Wildlife Trust
Publication Date: November 2011
Authors: Oliver Hölzinger (CEEP) & Julia Morris (Birmingham & The Black Country Wildlife Trust)


Summary:

The aim of this case study is to evaluate the range of ecosystem services Moorcroft Wood LNR provides as well as the direct and indirect effects of the BC LL CIP on the ecosystem services concluding with a cost-benefit analysis for the invested funding. Stating the best guess the value of these services such as habitat for species, aesthetic appreciation, recreation and education adds up to £26,000 annually. The annual direct and indirect additional value caused by the BC LL CIP has been valued at £4240. However, it has to be stressed that only a fragment of it could have been valued in monetary terms within this case study. It is unclear if this surplus of benefits and ecosystem services is sustainable after the BC LL CIP will end. In case the benefits and improvements will be destroyed after the project ends it is not possible to make a final statement about a net surplus to human wellbeing. This is likely considering the strong undervaluation within this case study but cannot be proven quantitatively.

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The Economic Evaluation of Moorcroft Wood LNR and the Influence of the Black Country Living Landscape Community Involvement Programme (pdf, 1.2mb)