Students suggest how the value of the ecosystem goods and services (EGS) provided by the Fraser River might be measured. After learning about monetary and non-monetary measures, students categorize the EGS provided by the Fraser River, and suggest which might be the most valuable.
Assess your students’ ability to:
Information about measuring EGS in this lesson comes from the Statistics Canada report found here.
The report suggests that “both monetary and non-monetary valuation would be used to estimate the value of the use or non-use of EGS. For example, a monetary value of directly using trees could be estimated by using market prices of lumber or other forest products.
Monetary and non-monetary valuation methods might be used to estimate the value of the same thing. For example, the monetary value of a forest might be estimated by comparing the value of trees in the forest to the value of trees sold in a market. A non-monetary value might also be used to provide a sense of the relative importance of the trees by estimating the value of the trees as air purifiers.”
For more information on valuation techniques, see pp. 21-22 and Appendix B (p. 86) of the report.
This activity could also support outcomes from Environmental Science 12: