Worth of wetlands: revised global monetary values of coastal and inland wetland ecosystem services

Abstract

In this study, we have re-estimated the 2011 global monetary values of natural wetland ecosystem services using new information on the areas of different coastal and inland wetland classes, and included estimates for forested wetlands. The 2011 global monetary value of natural wetland ecosystem services is now estimated at Int$47.4 trillion per year, 43.5% of the value of all natural biomes. Despite forming only ~15% of global natural wetland area, coastal wetlands are estimated to deliver 43.1% (Int$20.4 trillion per year) of the total global ecosystem services monetary value of all natural wetland classes. There is a need to further refine these value estimates by factoring in other determinants of wetland ecosystem service monetary value, by disaggregating unit monetary values to each wetland class and by updating unit monetary values with more recent sources, especially for ecosystem services with no, or few, value estimates.