This report represents the initial version of the economic valuation of Forest Ecosystem Services (FES) and outlines the conditions necessary for efficiently developing FES markets and business models. The primary objective of this report is to introduce the theoretical and foundational concepts essential for valuing forest ecosystem services and establishing markets. By developing a solid theoretical framework, the report aims to underscore the value of these services. In addition to the theoretical foundation, the report also covers practical aspects of conducting FES valuations and market creation. This comprehensive report is designed to serve as a guide for applying these methodologies within Living Labs.
Graz et al. (Sun,) studied this question.