Exploring valuation frameworks and principles for sustainable seas
This report describes principles for valuation practices and decision-making processes that would acknowledge diverse values and values-holders, and help to maintain confidence in democratic institutions.
Decision-makers told the authors that they are often constrained by legislation and would welcome a systematic way to identify and assess values that are incommensurable, intangible and relational.
Valuation encompasses far more than estimating the financial value of marine developments and their social and environmental effects.
It extends to almost any socio-political process in which people, by describing what matters about their places and environments, seek to shape the development of these places.
Sinner J, Šunde C, Giorgetti A, Tadaki M, Stephenson J, Awatere S, Glavovic B, Hewitt J and Lewis N (2018)