Abstract

Forests provide a variety of resources and benefits, but only a few, such as timber, are traded on the markets. Ecosystem service valuation is a method for quantifying the non-market benefits of forests to understand the full costs of forest management. This review examines the forest ecosystem service valuations over the past 20 years, with a particular focus on their spatial modeling. The literature review method is designed to provide a systematic, explicit, and reproducible outcome concerning the valuations of forest ecosystem services and the contextual setting of these valuations. The findings suggest that there is a huge variation in the values reported for similar ecosystem services but that carbon sequestration, recreation in forests, and hydrological services, such as watershed protection and flood prevention, are the ecosystem services that are consistently valued highly in the reviewed studies. In the last ten years, studies have more frequently modeled ecosystem services in spatial terms.

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