Resource Valuation

Resource valuation is the process of determining the worth of natural or human-made resources. This includes assessing economic, environmental, and social factors. For example, it can involve estimating the monetary value of a forest not just for timber but also for its role in carbon storage, tourism, and biodiversity. Understanding the value of resources helps policymakers and businesses make informed decisions about conservation, sustainable use, and investment, ultimately leading to better management of our environment and economy. By recognizing the full value of resources, we can promote sustainability and ensure they benefit future generations.