This study was launched as a response to the challenges, presented in the Forest Action Plan and implementation of the key action for valuation and compensation for non-market forest goods and services. The study aims to acquire summarised information on the state-of the-art in classification, characterisation and valuation of non-market forest goods and services. It also seeks to find whether the development on theoretical aspects of environmental valuation over the last decades have been, or could be, translated into operational schemes and mechanisms for valuation and compensation for non-market forest goods and services, used as policy instruments. Finally, the study.
