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Issue № 69. August 2018

Values and Ecosystem Services for Biodiversity Regulation

Sofya V. Solovyeva

PhD, Lead Research Fellow, Lomonosov Moscow State University, Moscow, the Russian Federation.
E-mail: solovyevasv@gmail.com

The article considers economic value of unique natural systems and their services and the possibilities of its integration into the system of strategic planning for decision-making in the field of unique natural objects regulation. Theoretical and practical approaches to the economic evaluation of ecosystem services in international studies and domestic developments are analyzed. A promising concept for the economic valuation of ecosystem services is shown as the total economic value, aggregating the natural goods at their direct market price, also the indirect use value associated with regulatory functions, as well as the cost of existence, or non-use value based on the "willingness to pay". The author's assessments of the Baikal ecosystem confirm the necessity and feasibility to incorporate them into the Baikal conservation program and the sustainable development of the surrounding area. This allowed the author to conclude that it is necessary to fully assess monetary value of ecosystem services of the Lake Baikal and to use it in the management system and in compensation mechanisms for conserving the unique natural heritage.

Keywords

Ecosystem services, ecological and economic value, economic values of ecosystem services, biodiversity conservation, Baikal nature area, the federal program «Lake Baikal conservation».

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