FORMALIZATION OF VALUE MEASUREMENT OF ECOSYSTEM ASSETS (ON THE EXAMPLE OF WATER RESOURCES)

Abstract

Scientific approaches to the formalization of valuations of ecosystem assets on the example of water resources are studied. The peculiarities of application of methods, approaches and directions of economic assessment to water as an ecosystem asset are revealed, key directions of practical application of results of economic assessment of ecosystem assets related to water in the system of nature management of territorial communities are determined. An algorithm for formalizing the valuation of water-related ecosystem assets from the following five blocks is proposed: the first involves consideration of the essence and differentiated components of water-related ecosystem assets from the standpoint of the ecosystem approach; the second defines the methodology for identifying a set of ecosystem services that can be provided by identified ecosystem assets within spatial formations; the third is focused on the study of integration processes related to the study of the combinatorics of ecosystem services and system interaction of spaces; fourth - provides a rationale for the model of reproduction of ecosystem assets related to water in a formal form with the prospect of parameterization of their components; The fifth block concerns the identification of methods used for their cost measurement and the solution of financial and economic settlement issues and the definition of innovative ways of sustainable spatial development of united territorial communities. Further research has prospects in the following areas: formation of a comprehensive strategic approach to formalizing the value measurement of water-related ecosystem assets; and development and introduction of effective methodological approaches to the assessment of ecosystem assets for the formation of investment attractiveness of the territory through the use of local natural resources, including water, as a powerful potential for sustainable spatial development at the local level.