Valuing natural assets, NZIER Public Discussion Paper 2013/3
22 May 2013
A more consistent approach to valuing natural assets would help decision-makers increase the efficiency of use of our natural resources, says NZIER.
Much of the value New Zealanders get from natural assets is intangible, making it difficult to measure. Currently, there are a variety of techniques used to measure the value of natural assets, adding to the cost and uncertainty of values obtained.
A standardised technique would make economic value estimates more consistent, more cost-effective to prepare, and make comparison of alternative uses of natural assets easier. You can read the full discussion paper here.