Valuing Victorias Parks: Accounting for ecosystems and valuing their benefits:

This project was developed with the objective to establish a framework to recognise, quantify and value the ecosystem services provided by Victoria’s parks and the environmental and societal benefits generated, based on international best practice.
The development of improved and consistent environmental and economic information on park ecosystems can inform strategic and operational park management decisions for the purpose of:
– Monitoring of natural and other assets and trend analysis
– Understanding the contribution of ecosystem assets to current socioeconomic activities
– Estimating benefits of ecosystem services to society under different management options.