| Article of the Month - 
	  August 2018 | 
		Alternative Approach and toolkits for 
		Economic Valuation of Ecosystem Services of Wetlands: An Application to 
		Farlington Marshes, UK   
		Carlos BRETT, Venezuela and Isaac BOATENG, 
		United Kingdom 
		This article has passed the FIG peer review and was presented at the 
		FIG Congress 2018 in Istanbul, Turkey. Despite the relevance of wetlands 
		there is no generally accepted methodology for the economic valuation of 
		ecosystem goods and services of wetlands.This paper attempts to develop 
		an alternative holistic approach.
		
		
		This article in .pdf-format 
		(18 pages)
		
		SUMMARY
		Wetlands offer a wide variety of ecosystem goods and services, such 
		as fisheries, agriculture, tourism and regulatory functions that benefit 
		human society. Despite this relevance, there is no generally accepted 
		methodology for the economic valuation of ecosystem goods and services 
		of wetlands. The existing methodologies for the valuation of ecosystem 
		goods and services rely on revealed preference approach (willingness to 
		pay and travel cost) due to lack market prices for most of the services. 
		They do not provide actual value of ecosystem goods and services, 
		because it is inferred from users’ opinion and willingness rather than 
		the actual benefit or services derived from the ecosystem. In addition, 
		they lack simple resources and tools in order to make them user-friendly 
		for surveyors and researchers assessing ecosystem services value. This 
		paper attempts to develop an alternative holistic approach for the 
		valuation of ecosystem good and services. The methodology includes 
		fieldwork, case study and assessment of actual market values for each 
		ecosystem goods and services, and application of opportunity cost where 
		market values could not be ascertained. The results provide a realistic 
		and evidence-based value to inform sustainable exploitation and 
		management of wetlands. The paper concludes by advocating for the 
		acceptance of this evidence-based valuation methodology for the economic 
		valuation of ecosystem goods and service.
		1. INTRODUCTION
		Wetlands are defined by the Ramsar Convention as “areas of marsh, 
		fen, peatland or water, whether natural or artificial, permanent or 
		temporary, with water that is static or flowing, fresh, brackish or 
		salt, including areas of marine water the depth of which at low tide 
		does not exceed six metres”, including as well “riparian and coastal 
		zones adjacent to wetlands, and islands or bodies of marine water deeper 
		than six metres at low tide lying within the wetlands” (Ramsar 
		Convention Secretariat 2013). The Ramsar classification comprises 42 
		types of wetlands grouped into three categories that are Inland 
		wetlands, Marine/coastal wetlands and Human-made wetlands (Ramsar 
		Convention Secretariat 2013).
		Wetlands are valuable ecosystems that offer a very important range of 
		EGS, including economic and ecosystem benefits such as water supply and 
		water quality regulation (e.g. filtration pollutants and cycling of 
		nutrients); ecosystem and landscape modelling features (e.g. protection 
		against storms and floods, specific vegetation with relevant ecological 
		functions, etc.); fisheries (around two thirds of the world’s fisheries 
		depends directly or indirectly on the good performance of the wetlands); 
		agriculture services such as grazing areas or the availability of water 
		for crop maintenance; provisioning of energy by peat and plant matter; 
		biodiversity and wildlife resources; transport; and recreation and 
		tourism opportunities (Ramsar Convention Secretariat 2013). They also 
		play an important role in terms of the cultural heritage of humanity, as 
		they are “linked to religious and cosmological beliefs, constitute a 
		source of aesthetic inspiration, provide wildlife sanctuaries, and form 
		the basis of important local traditions” (Barbier et al. 1997; Russi et 
		al. 2013). 
		In the UK, 693 coastal wetlands are estimated to cover 274,613 
		hectares of the territory and they offered services projected to be 
		valued between £510 and £786 million per year, with an average 
		contribution per year per hectare estimated to be £1,856 (Morris and 
		Camino 2011). The provisioning of ecosystem services is supplied at 
		various spatial and temporal scales, which has a strong impact on the 
		value different stakeholders attach to the services (Hein et al. 2006). 
		EGS is also bound to the fate of the ecological processes of wetlands, 
		as shown in the function-benefit interactions scheme presented by Defra 
		(2007) (Figure 1). Therefore, it is very important to care about and 
		keep track of the uses of wetlands, in order to prevent potential harm, 
		abuse or negligent activities are taking place. Such destructive 
		activities might compromise the whole performance of the habitats with 
		strong socio-economic and ecological consequences. The assessment of the 
		EGS of wetlands is an important area already covered by several studies 
		(Barbier et al. 1997; Hein et al. 2006; Ghermandi et al. 2010; Morris 
		and Camino 2011; Barbier et al. 2013; Liquete et al. 2013). 
		Nevertheless, more efforts are required to increase our knowledge of 
		wetlands and this includes carrying out the valuation of unknown areas 
		and the development holistic easy-to-use tools and frameworks to aid, 
		improve and encourage actual/alternative EGS valuation (Brett et al. 
		2015).
		
		
		Figure 1. Wetland function-benefit interactions scheme (Defra 2007)
		The ecosystem goods and services (EGS) could be defined as the range 
		of benefits delivered by nature, that is directly or indirectly 
		harnessed by humankind (De Groot et al. 2002). This includes actual 
		tangible goods such as alimentary and mineral resources and “intangible” 
		benefits such as environmental-regulative functions and cultural 
		influence and affection. 
		The economic extrapolations of the EGS are useful for the estimation of 
		the economic value of the natural resources and processes. There are 
		several ways to make these extrapolations. These include direct methods 
		based on commercial indicators (e.g. market values, industrial 
		productivity rates and users’ consumption rate), and indirect methods 
		based on revealed preference - hypothetical-qualitative considerations 
		and indicators (e.g. contingent valuation, polls and quizzes, affection, 
		willingness to pay and willingness to protect the resource) (Ledoux and 
		Turner 2002). Thanks to these methods we have a better comprehension of 
		the economic implications of different environmental features and 
		processes that serve as a protection shield against extreme climatic 
		events such as storms and flooding (Pert et al. 2012; Barbier et al. 
		2013; Camacho-Valdez et al. 2013). They also facilitate our ability to 
		estimate how valuable these environmental features are for the regular 
		operation of major economic activities such as fisheries, hunting, 
		tourism and mining (Remoundou et al. 2009; Perni et al. 2011; 
		Camacho-Valdez et al. 2013). 
		In addition to these, it is important to note that despite the intrinsic 
		ecological value of the ecosystems, the economic assessment derived from 
		the EGS valuation is an important resource to inform management policies 
		and responsibilities, as it provides additional information that is 
		useful for decision making as well as raising of awareness in certain 
		social sectors (Bockstael et al. 1995; Hueting et al.1998; De Groot et 
		al. 2002; Ahmed & Gotoh 2006; Fisher et al. 2009). 
		However, there is no commonly agreed to standardise approach for the 
		accounting and extrapolations for economic value EGS (Boyd & Banzhaf 
		2007). In fact, different schemes with diverse approaches are rife. Some 
		of them focusing on economic aspects (Barbier et al. 1997;  Ledoux  
		& Turner 2002), others on ecological-functional features (De Groot et 
		al. 2002; Remoundou et al. 2009; Potts et al. 2014). There are others 
		with mixed characteristics (Bockstael et al. 1995; Barbier et al. 1997; 
		Hueting et al. 1998; De Groot et al. 2002; Liquete et al. 2013; Potts et 
		al. 2014). All these approaches do not provide the actual value of EGS 
		of wetlands because they are mostly based upon users’ willingness to pay 
		or protect, which tend to be influenced by users purchasing power rather 
		than a more objective value of the EGS. 
		Some authors and relevant institutions have suggested the need for 
		unified approaches and frameworks in order to improve uncertainties in 
		the valuation, management and research in EGS (Kubiszewski et al. 2017; 
		Hammel & Bryant 2017. UK DEFRA report by Christie et al. (2011) proposed 
		a holistic framework to conduct an EGS assessment. The United States 
		Environmental Protection Agency website also provides resources such as 
		the Causal Analysis/Diagnosis Decision Information System (CADDIS) 
		(USA's EPA 2012), and Landers and Nahlik (2013) offered the Final 
		Ecosystem Goods and Services Classification System (FEGS-CS). 
		Nevertheless, all these approaches might be lacking certain qualities or 
		just need a better divulgation as they are not based on the actual 
		values of specific EGS. Therefore, more efforts are still necessary to 
		create more holistic and user-friendly approach to facilitate the 
		assessment and valuation of EGS. Nonetheless, the fight to reduce the 
		impacts of climate change and associated global agreement on carbon cost 
		to polluters, the improved awareness of the importance to protect 
		wetlands, and the detailed classification and usage of ecosystem goods 
		and services have moved society closer to the marketization of more 
		non-market goods and services of wetlands. These have made it possible 
		to develop an alternative valuation approach, which is holistic and 
		facilitate the estimation of the actual value of EGS.  This paper 
		attempt to provide a more holistic approach, which provides a valuation 
		of EGS based upon actual estimated values of goods and services from a 
		particular wetland.
		2 MATERIAL AND METHODS
		2.1 The case study area
		Farlington Marshes is a wetland located in Portsmouth, on the south 
		coast of England (Figure 2). The wetland is a coastal grazing marsh that 
		may be categorised as a “Marine intertidal marsh” according to the 
		RAMSAR classification scheme (RAMSAR 2010, p80). The territory was 
		originally reclaimed from the sea in the late 18th century, when a clay 
		and timber wall was built across the mudflats, linking the natural 
		islands that were previously occupying part of the Langstone Harbour 
		(Hampshire & Isle of Wight Wildlife Trust (HIWWT) (n.d). Currently it is 
		a 1,117,348 m2 wetland (~276.11 acres)  enclosed by a concrete 
		barrier with a floodgate inlet controlling the amount of seawater 
		allowed into the main lagoon, and features different traits such as two 
		lagoons, reed bed patches, grazing meadows, several ponds, a network of 
		channel and streams, comprising both fresh and brackish water bodies.
		
		
		Figure 2. Location of Farlington Marshes (Coordinates 50°49'58.13" N, 
		1°01'36.26"E)
		The EGS offered by this wetland in general terms, come by means of 
		recreational areas for local people and internationally important 
		habitats for winter migrant waders such as Brent geese and black-tailed 
		godwits, coastal grazing marsh habitat (a very rare habitat in this 
		region), hay meadows (grasslands), and the network of channels and 
		waterways. It is covered by various national conservation designations. 
		It is part of the Special Protection Area (SPA) of “Chichester and 
		Langstone Harbours” and the Special Area of Conservation (SAC) of the 
		“Solent and Isle of Wight Lagoons”, part of the Ramsar site “Chichester 
		and Langstone Harbours”, part of the Site of Special Scientific Interest 
		(SSSI) of “Langstone Harbour”, and a Local Natural Reserve (LNR) by 
		itself, called Farlington Marshes” (HIWWT n.d). These designations are 
		assigned because of its special features, such as the salt marsh, fresh 
		marsh, lagoon, reed beds, grassland, scrub and habitat for migratory 
		birds.
		Management and the cost of maintaining the site are met by HIWWT, a 
		charity organisation, which relies on membership and donations from the 
		public. They also receive money from Natural England. In addition, there 
		are committed volunteer team that work on the site. Together with the 
		reserve officers, they carry out the majority of the practical 
		conservation work to maintain the habitats in the reserve.
		In terms of scientific coverage, there is limited literature available 
		online about this site. Approximately, 101 online articles mentioned the 
		name “Farlington Marshes”, but only one addresses the shoreline 
		management challenge of Farlington Marshes directly as a case study 
		(Esteves et al. 2012). Most of the official information can be found 
		through the HIWWT website, local news and direct contact with the 
		managers. For this reason, this paper which, addresses the topic of EGS 
		assessment of Farlington Marshes, could be identified as the first 
		economic valuation of EGS to provide useful information for the local 
		managers and policymakers.
		2.2. Alternative Ecosystem Services Valuation Approach
		The Alternative Ecosystem Services Valuation Approach (AESVA), is a 
		holistic method for the assessment of the economic value of EGS of 
		wetlands. The approach is two-prong. The first part presents details of 
		the tools that have been developed for field survey, characterisation 
		and valuation of EGS, together with an explanation of the application of 
		the tools. The second part presents the specific details on the 
		application of the approach to the case study area (Farlington Marshes).
		The development of this methodology required the definition of 
		conceptual criteria that would be used to describe and classify the EGS. 
		The approach is developed based upon previous knowledge from Brett et 
		al. (2015); Liquete et al. (2013); De Groot et al. (2002); Wilson et al. 
		(2005) and Russi et al. (2013). Knowledge from these authors was used as 
		the foundation for the development of the scheme for AESVA (Table 1). 
		This integrated scheme helps the user to have a better understanding of 
		the relation between ecosystem functions and offered services, as it 
		provides an actual list with the main EGS offered by wetlands and 
		therefore allows the translation between the different classification 
		systems, thus making it easier to assign/identify the right categories 
		(when adding new case-specific EGS to the existing list). It also 
		facilitates the realisation of future aggregations and analysis 
		according to the necessities of the user (e.g. management and 
		policy-making, scientific analysis and general information gathering). 
		The AESVA procedures and resources (Figure 3) that have been developed 
		are available as templates and spreadsheets to be used or applied by the 
		professionals interested in applying this approach. 
		
		
		Table 1. A comprehensive classification scheme for the ecosystem 
		goods and services. (After Brett et al. 2015 and Liquete et al. 2013). 
		Note that the categories included here serve as a general framework, and 
		more categories could be added to the detailed column if additional 
		services are found in a study area.
		
		
		Figure 3. Diagram illustrating the AESVA, specifying the order of the 
		tasks and the tools developed for each phase
		2.3 Site Characterization
		As shown in Figure 3, the methodology suggests that data collection 
		could be done in two phases. The first phase is to assess the general 
		characteristics of the ecosystem and to identify the various goods and 
		services. The second phase (quantification phase) is to acquire the 
		values of the economic parameters for the valuation of the EGS. For each 
		phase, specific resources have been developed to provide standardised 
		tools to make the assessment easier for the application of this 
		methodology.
		The assessment of the general characteristics of the ecosystem focuses 
		on key features such as geomorphology, physical processes, geology, 
		biodiversity, management issues and initial assessment of EGS. For this 
		purpose, the “Ecosystem Characterization Data Collection Sheet” (EC-DCS) 
		(Figure 4) was developed as a fillable template comprising some 
		essential information, field checklists and reference maps. The 
		comprehensive classification of EGS, management and diversity checklist 
		is also required (Table in Figure 4.2). This list should be compiled 
		during the pilot survey. These two field data collection tools cover the 
		detailed information that could be gathered from the field to provide an 
		integral description of the site, the spatial relevance (Hein et al. 
		2006), classification of EGS, management issues and diversity of the 
		wetland. Note that this form is a suggestion and the fields could be 
		modified or added as desired (e.g. water chemistry parameters), as long 
		as the surveyor is able to gather that information. Following the field, 
		the survey is the processing of the filed data from EC-DCS, into a 
		written description of each site using the “Ecosystem Characterisation 
		Site Proforma” template (EC-SP) (Table not included). This is the final 
		product of the general characterisation. The EC-SP template comes with 
		different sections addressing important aspects that should be of 
		general interest while trying to understand the main ecological and 
		socio-economical characteristics of an ecosystem. Depending on the scale 
		of the project and design of the survey, the site Proformas may feature 
		as a table summarising the EGS offered by the assessed ecosystem.
		Moreover, where multiple sites are assessed, Table 2 may include a final 
		column with a total significance index (TSI) for each EGS category (See 
		Formula 1), as an additional aid to quantify how significant is each EGS 
		category for the whole ecosystem. It should be noted that this is a 
		quantitative aid for a qualitative parameter, as the real economic 
		significance should be assessed with actual economic data in the next 
		phases of the methodology. The proposed index is a value between 0 and 
		100, and it can be interpreted like this: zero implies that the EGS is 
		not existent in the wetland, lower values suggest that the EGS is 
		present in just a few sites or that it is not properly developed and 
		higher values imply that the EGS is fully developed in most of the 
		sites.
		
		
		Where “TSI” is total significance index (the index is calculated for 
		each EGS category), and the sums brackets in the numerator correspond to 
		the number of sites in which the addressed EGS category where classified 
		as “CP”, “P” and “Y”, where “CP” is EGS conditionally potential, “P” is 
		EGS potentially applicable and “Y” means EGS present. Therefore, each of 
		these values (“CP”, “P” and “Y”) could range between zero and the total 
		number of sites. The remaining categories (Not present “N” and Unknown 
		status “U”) are not included in the formula as they do not add 
		significance to the EGS. Then, each summation will be multiplied by the 
		assigned fixed constant (0.25, 0.5, and 1.0 respectively); then, the 
		nominator will be divided by the number of sites (nsites), and then 
		multiplied by 100. For a visual aid, colours could be assigned to the 
		following ranks of values: red (0), orange (1-30), light green (31-70), 
		dark green (71-100) (see an example later in Table 8).
		
		
		Figure 4.1 Ecosystem characterization data collection sheet (template 
		EC-DCS). Side A 
		The map is referential from this Project.
		
		
		Figure 4.2 Ecosystem characterization data collection sheet (template 
		EC-DCS). Side B 
		2.4 EGS valuation
		The EGS valuation estimates the total economic value of the ecosystem 
		in terms of the specific EGS assessed in a specific ecosystem. The 
		general assessment carried out in the first phase focus on identifying 
		the potential EGS that should be considered for each site. This 
		assessment should be done focusing on the evidence available on the 
		field through a field surveys (e.g. signs of human activity, and 
		evidence of key services provided by the ecosystem). In addition, 
		previous knowledge and data of the study area obtained from local 
		authorities should be considered. The next step is to confirm and 
		quantify the economic values of the significant EGS identified on the 
		site, which requires estimating the values of specific parameters. The 
		estimate could be the actual market value already defined for the 
		assessed EGS (Kalay et al. 2014; Imberman & Lovenheim 2013), comparative 
		value of EGS that are similar (Costanza et al. 2014), opportunity cost 
		of providing the same benefit on assumption of “what if” scenario 
		(Holland et al. 2016) and the restoration or replacement cost, which is 
		based on assumption of a loss/damage of the actual EGS.
		For this quantification phase, the first proposed tool is the “Ecosystem 
		Goods and Services Valuation Matrix” (EGS-VM) (Table, not included), 
		which is an interactive spreadsheet where the user can put in the 
		economic values of the assessed EGS categories. This spreadsheet is 
		designed in a smart way that allows advantages such as the inclusion of 
		the contribution per area unit (e.g. £/hectare) and the automatic 
		estimation of the total value, the fixed contribution for the whole area 
		(e.g. a fixed value such as land value) or the variable contribution 
		(e.g. yearly rates of contribution as £/year). It should be noted that 
		the formulas (Figure 5) and the cells of this spreadsheet are easily 
		adaptable. It allows users to freely change the proposed layout and 
		adjust it to their own necessities. 
		
		
		Figure 5. Set of formulas to estimate the Total Economic Value of the 
		Ecosystem
		Note: T=total, val=value, dim=dimension, FV=Fixed Value, VV= Variable 
		Value
		Despite its adaptability, the EGS-VM may be too complex or too big for 
		understanding by some users, and this is why the AESVA suggest that it 
		should be translated into a compact “Ecosystem Goods and Services 
		Valuation Report” (EGS-VR) (Table 2), where the economic value of the 
		addressed ecosystem could be grouped into different aggregation 
		categories (e.g. by type of economic indicator (fixed values, variable 
		values). Once again, this adaptable resource could be modified to meet 
		the terms and the interest of the user.
		
		
		Table 2. Ecosystem goods and services valuation report (template EGS-VR).  
		2.5 Application of AESVA to the Farlington Marshes
		The approach was tested at the Farlington Marshes to fine-tune the 
		toolkits and the application procedures.  It was also to assess the 
		viability of the approach. Farlington Marshes” was identified to be a 
		suitable place to test this approach because of its convenient location 
		and relatively limited valuation research coverage. The application of 
		this approach was carried out as a project called Farlington Marshes 
		Ecosystem Value Assessment” (FAMEVA).
		The project aim was to use the AESVA to assess the EGS offered by 
		Farlington Marshes, taking into consideration the different features and 
		characteristics of the wetland. For the purpose of this assessment the 
		area was divided into nine distinctive sections (Figure 6)  based 
		on different identifiable features: the bush (S1), the main marsh (S2), 
		the lake with its reedbed (S3-L and S3-R), the ramified lagoon called 
		“the deeps” (S4), the hay field (S5), the point field (S6), the ponds 
		and pools in the whole area (S-PP), the channels-streams (S-CS), and the 
		barrier-footpaths (S-BF). 
		During the elaboration of the nine sampled sites into site Proformas, 
		some changes were made in order to simplify the comprehension and to 
		prevent excessive repetitive analysis. The modifications include the 
		introduction of a whole-area proforma summarising the general 
		characteristics of the whole wetland (an example of whole-area proforma 
		of the case study is presented in Table 7. In addition, joint proformas 
		and analysis of some sites that featured similar traits were also 
		considered.
		For the purpose of EGS valuation/quantification, efforts were made to 
		find some specific economic indicators that have been assessed in the 
		area: direct contact was established with the authorities of HIWWT who 
		manages the reserve. Detailed information about land uses, the number of 
		visitors, economic inputs and outputs, among others were obtained. The 
		search for economic values and indicators (land value, land rent cost 
		for agriculture or grazing land) were carried out. Details on certain 
		goods and services that were not open to the public and therefore could 
		not be properly surveyed during the field survey were identified. Those 
		cases in which no specific economic values were found, the methodology 
		allows the use of estimations from other studies that addressed the 
		economic contribution of similar EGS in more general terms, such as the 
		work of Morris and Camino (2011) and official document from UK’s 
		Environmental Agency, as well as the opportunity cost of the EGS under 
		consideration. It is also important to emphasize that in all cases where 
		EGS have a range of values, this project always assumed the lowest one 
		for the valuation to avoid potential overestimation. 
		
		
		Figure 6. Map of the study area with the zonation of the different sites
		
		4. RESULTS
		The methodology was successfully applied to the case study area. The 
		performance of the tools could be explained by means of its time 
		efficiency, its versatility and its user-friendliness. In terms of the 
		time and effort used to conduct the full assessment, it is important to 
		point out that the time required to apply the methodology would be 
		subject to certain factors such as the dimension of the assessed site, 
		the design of the survey (number of sites to be addressed or ecosystem 
		features), the accessibility to the site and even the availability of 
		information. For this reason, this work will focus on the approximate 
		time that was applicable to the Farlington Marshes scenario, with an 
		area of 120 hectares and at least 9 specific sites or features to be 
		assessed. This methodology took around 60-85 man-hours to complete the 
		first phase of Ecosystem Characterisation, and 55-75 man-hours to 
		complete the second phase (Figure 3 and Table 3). These times are 
		referential estimations based on the actual times. Because of their 
		qualitative nature, details about the versatility and complexity will be 
		covered later in the discussion.
		
		
		Table 3. Time-effort estimations for each phase during the FAMEVA 
		project. 
		The detailed assessment of each of the sampled sites or features were 
		processed into 9 site proformas to facilitate analysis of data gathered 
		from the field. However, these proformas have been summarised into one 
		general EC-Site Proforma (Figure 7) for the whole area just to reduce 
		the size of the paper. In addition, the general goods and services 
		characterisation results have been presented in Table 5.
		
			
				| Place Name:  Farlington Marshes Site Name: Farlington Marshes Site Code: NA
 Location: Portsmouth, Hampshire, UK
 Site Coordinates: 50°49'58.13" N   1°01'36.26" W
 Area: 1,117,348 m2
 Project: FAMEVA
 Date of Survey: 16-June-2016;
 | 
		 Map of the study area. | 
			
				| General Overview: This site is a coastal grazing marsh with lagoons, 
		meadows, ponds and pools (may be categorized as a Marine Intertidal 
		marsh (H) according to RAMSAR classification). It has a network of 
		streams and channels and comprises both fresh and brackish glasses of 
		water. The land was reclaimed from the sea in the 18th century and 
		currently, it is enclosed by a concrete barrier with a floodgate inlet 
		controlling the amount of seawater allowed into the main lagoon. As a 
		whole, this marsh appears to be in good condition (4/5). It possesses 
		various conservation designations as it provides feeding and roosting 
		sites for several bird species. For the purpose of this assessment the 
		area has been partitioned into 9 distinctive sections  based on 
		different identifiable features: the bushes (S1), the main marsh (S2), 
		the lake with its Reedbed (S3-L. and S3-R), the ramified lagoon called 
		“The Deeps” (S4), the hay field (S5), the Point field (S6), the Ponds 
		and Pools in the whole area (S-PP), the Channels-Streams (S-CS), and the 
		Barrier-Footpaths (S-BF). | 
			
				| Ecosystem Characteristics Geomorphology: It includes water bodies such as lagoons, pools/ponds, 
		streams-channels and reed beds; and terrestrial areas such as 
		prairie-like fields, hay fields, footpaths (grass, pebble-rocks, and 
		dirt),  and dry areas of the marsh. Processes: Seawater exchange is controlled by a floodgate inlet in the 
		lagoon, in the west side of the wall, and a network of channels and 
		streams connect this inlet with other water bodies in the whole area. 
		Nevertheless, the rain is also a major contributor to some of the water 
		bodies (e.g. the deeps, and some ponds) where the influence of the 
		seawater may be negligible.  Other processes are addressed in the 
		other specific Site Proformas for each site location (not included in 
		this paper). Biodiversity: In terms of Fauna, the most relevant feature is that it 
		supports different populations of birds (such as Brent Goose, Wigeon, 
		Shoveler, Pintail, Black-tailed Godwit, Marsh Harrier, Short-eared Owl, 
		Bearded Tit, Avocet, Dunlin, Grey Plover, Redshank, Curlew, Ringed 
		Plover, Turnstone, Oystercatcher, Black-necked Grebe, Great Crested 
		Grebe, Peregrine Falcon, Merlin, Sedge Warbler, Reed Warbler, Skylark, 
		Lapwing, among others), including migratory and non-migratory species. 
		Cattle can be found grazing in different areas of the marsh. Though it 
		was historically used for grazing, currently the cattle is there to 
		control the vegetation growth. In addition, many rabbits can be found in 
		the whole area. In terms of vegetation, many flowering plants are 
		present here, including unusual species such as sea barley and 
		Corky-fruited water dropwort. The Reedbed, most of it present in the 
		lagoon (S3), is also a major feature of this marsh. | 
			
				| Ecosystem Goods and Services: In terms of regulation-support, the most 
		relevant are those related to the maintenance of the life cycles and the 
		genetic biodiversity; also, the moderation of extreme events such as 
		floods and storms. In terms of supply and exploitation, the potential 
		use (or previous historic use) of the land for agriculture and 
		fodder-pasture are barely the most relevant as this is a protected site 
		and any extraction is prohibited. In terms of logistic-cultural 
		benefits, the aesthetic features and the infrastructure allows the use 
		of education and pedagogy, hiking and dog walking. See the table (next 
		page) summarizing the EGS addressed for each site.  | 
			
				| Management Information: In relation to the uses of the land, it is open 
		to the public (for recreation, dog walking, bird-watching, etc.) with 
		access restriction in some areas. It is a reserve for sensitive species 
		and even the livestock are present not for agricultural purposes, but 
		they are used as a natural cost-effective way to control the growth of 
		vegetation. There are other management interventions by means of 
		infrastructure (fences, doors, house-office, sea-inlet, etc.), 
		signalling (site description and maps, biodiversity description, rules, 
		instructions and security warnings), care measures (staff working, 
		equipment, and evidence of recent maintenance), among others. Some 
		management issues that seem to require permanent or minor attention are: 
		care for the livestock, maintenance of the seawall for cleaning or major 
		amendments in case of extreme events, cleaning of litter or natural 
		waste (vegetation, faeces) in the footpaths and other inner areas, 
		maintenance of the floodgate inlet, surveillance and care measures to 
		protect the biodiversity. It is managed by HIWWT and it holds different 
		protection features or conservation designations, including SPA 
		(Chichester and Langstone Harbours), SAC (Solent and Isle of Wight 
		Lagoons), Ramsar (Chichester and Langstone Harbours), SSSI (Langstone 
		Harbour) and LNR (Farlington Marshes) | 
			
				| Other images:   A)Panoramic view and signs in the Lake, B)Repairs of the inlet, C)Litter 
		on the external side of the barrier,  D) The House
 | 
		
		Figure 7 EC Site Proforma for Farlington Marshes
		The final EGS assessment can be viewed in the EG-Valuation Matrix 
		(sample extract, Table 6) and the EGS-Valuation Report (Table 4). The 
		main outcome from the valuation report was that Farlington Marshes has a 
		total value of £7,754,495, which can be disaggregated into fixed value, 
		£6,180,682 (80%) and variable value £1,573,813 per year (20%). In the 
		same way, the total value can be disaggregated by the type of EGS and 
		the result is that Regulating-Support services are the most relevant 
		with a total contribution of £5,124,956, where Carbon sequestration, 
		protection against floods, protection against storms, natural 
		irrigation, water purification, coastal protection, formation of 
		habitats and services for migratory species are the main services; they 
		are followed by the Cultural-Logistic services that contribute around 
		£2,484,621  being landscape and aesthetic features, tourism and 
		touristic infrastructure, the value of the lands for human development, 
		education and pedagogy are the main categories; and finally, the minor 
		contributor was the group of Supply-Exploitation goods and services 
		where the main categories are agriculture and fodder-pasture with a 
		contribution of £144,917.
		Detailed information can be extracted from the Valuation Matrix, where 
		the individual economic contribution of each EGS category and the 
		details about how the values were estimated are presented (because of 
		its size, in this paper we include only an extract of the full table). 
		The most relevant categories surpassing the £1 million limit are: 
		coastal protection with a fixed contribution of £2,800,000 based on the 
		replacement cost of constructing a gabion revetment at the shoreline 
		covered by the reserve; secondly, the value of the lands for human 
		development was estimated at  £2,208,863 based on the average 
		purchase price of arable or pasture lands  (£8,000 /acre) provided 
		by the RICS (2015); the last big contributing category was the services 
		that relate to the maintenance of life cycles (habitat formation, 
		nursery, services for migratory species, amongst others) that was valued 
		at £1,171,819. Details of the estimations are included in a large table 
		not suitable for this publication.
		
		
		Table 4. Ecosystem Goods and Service Valuation Report (EGS-VR). 
		Note that this is an extract from the original spreadsheet, where more 
		information could be found (e.g. EGS classification levels, total costs 
		per unit area, etc.) depending on the interest of the user.
		5. DISCUSSION
		The AESVA is an adaptable and useful approach that can be applied to 
		conduct a full EGS valuation. The provision of the proposed templates 
		and spreadsheet makes it a time-saving the resource, it helps 
		practitioners to avoid spending lots of hours developing and designing 
		materials and tools. In terms of the time and effort, this methodology 
		allows professionals to conduct a full EGS assessment of a location like 
		Farlington Marshes within 85-120 man-hours (equivalent to 9 to 12 days 
		of exclusive dedication), to produce at least, actual valuation report 
		that provides the key economic indicators for decision making (Fisher et 
		al. 2009). Another important goal is to provide a tool to reduce 
		uncertainty related to some EGS assessment methods as described by 
		Hammel & Bryant (2017), by encouraging the use of more credible 
		indicators such as real market value or opportunity cost, with an 
		evidence-based approach in a simple and flexible framework that can be 
		easily adapted, exchanged and updated.
		AESVA was developed to be used for multiple scenarios (e.g. different 
		kinds of habitats, information sources, or users), and this can be 
		appreciated in different ways, such as the integrative classification 
		scheme for the EGS allowing the navigation between the different 
		typologies, the simple layout of the ecosystem characterisation 
		templates (DCS and SP) could be useful for both scientific and 
		management applications, as well as the option to put the values of the 
		economic contribution per area using different units (square metres or 
		acres), amongst other examples. It was designed to be easy-to-use, so 
		minimal or no induction is required to be able to use it. Thus, users 
		can save time making calculations and designing the layout of the 
		tables. Further to these characteristics was the possibility to make 
		modifications to the proposed layout to fit their own requirements (e.g. 
		change total area that is going to be used to multiply the unitary 
		value, change the currency symbol, add more EGS categories and use their 
		own colour code among others).
		
		
		
		
		
		Table 5. Comprehensive classification management and diversity issues of 
		EGS of Farlington Marshes
		
		Table 6. Extract of EG-Valuation Matrix (EGS-VM) for the FAMEVA Project
		Though some technical challenges came out in the course of this project, 
		however, they were all fixed effectively. For example, what to do when a 
		multiple-site assessment turns too reiterative or too complex; what to 
		do to save time when converting or unifying the units of the indicators; 
		what to do if the contribution of an EGS category is included or is 
		redundant with another one; among others. Most of these situations were 
		solved during the application of the approach to the case study area. 
		All the templates were reviewed to include solutions developed during 
		the case study. This paper suggests that more application of the 
		approach to wetlands with different characteristics should be considered 
		in order to make this methodology more adaptable and integral to the 
		economic valuation of ecosystem services. It would be useful to apply 
		this approach to a wetland which has been previously assessed with other 
		methodologies, just to evaluate if the findings using this rapid and 
		alternative assessment methodology matches those from the other 
		“revealed preference” methodologies that require higher efforts and 
		opinions of wetland users.
		The application of the AESVA to Farlington Marshes and the 
		corresponding economic assessment of the EGS offered by the wetland has 
		a total estimated value of £7,754,495 comprising 80% fixed component and 
		20% for the variable value. Grouping the economic contribution in terms 
		of the type of benefits: the “Regulation-Support” category was 66% of 
		the contribution, while “Cultural-Logistic” functions followed with 32%, 
		and finally the “Supply-Exploitation” group just added 2% of the total 
		value. This results support the need for protection of Farlington 
		Marshes as a reserve. The marshes offer important valuable services in 
		terms of life cycle maintenance, services for migratory species, the 
		formation of habitat and some regulation functions (HIWWT n.d). 
		6. CONCLUSION  
		This paper has developed the AESVA as a versatile and easy to use the 
		resource to achieve a reliable valuation of EGS. The approach is 
		exceptional for its simplicity and the inclusion of innovative traits 
		such as the open-access resources that can be used as a ready-to-use 
		framework or modified to fit different purposes. The application of the 
		AESVA approach to Farlington Marshes was also successful for both 
		pre-established purposes: primarily, serving as a case study to run and 
		test the methodology in order to identify potential gaps and adjust it 
		to the actual demand of a real case scenario. The paper has also 
		contributed to the knowledge of the local nature reserve through the 
		assessment of the economic value of EGS Farlington Marshes.
		7. ACKNOWLEDGEMENTS
		This work could not be possible if it was not for the Funding of the 
		Murray Foundation and the University of Portsmouth. 
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		9. CONTACTS
		Carlos Brett
		The University of Portsmouth
		PO2 7AS, 88 Sultan Road
		Portsmouth, United Kingdom
		Email: cajabrett[at]gmail.com,
		Tel: +44-07932592184
		Dr Isaac Boateng
		The University of Portsmouth,
		PO1  3AH, Portland Building, Portland Street,
		Portsmouth, United Kingdom
		Email: isaac.boateng[at]port.ac.uk
		Tel: +44(0)2392842910
		Fax: +44 (0)2392842913