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Harvard Environmental Economics Program D E V E L O P I N G I N N O V AT I V E A N S W E R S T O T O D A S C O M P L E × E N V I R O N M E N TA L C H A L L E N G ES July 2016 Discussion Paper 1671Total
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Total economic valuation refers to the process of putting a monetary value on all the benefits from a natural resource or ecosystem.
Organizations or individuals conducting economic analyses or assessments related to natural resources or ecosystems may be required to file total economic valuation reports.
Total economic valuation reports should be filled out by providing detailed data on the benefits and values associated with a particular natural resource or ecosystem.
The purpose of total economic valuation is to help policymakers, researchers, and stakeholders understand the full economic value of natural resources and ecosystems in decision-making processes.
Total economic valuation reports must include detailed information on the benefits, values, and economic impacts associated with the natural resource or ecosystem being evaluated.
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