Government Valuers’ Perception on the Current Practice of Ecosystem Service Valuation in Malaysia

Wan Nur Ayuni Wan Ab Rashid; Junainah Mohamad; Nurhastuty Kesumo Wardhani

doi:10.21834/e-bpj.v9i28.5878

Authors

Wan Nur Ayuni Wan Ab Rashid College of Built Environment, Universiti Teknologi MARA Shah Alam, 40450 Shah Alam, Selangor, Malaysia
Junainah Mohamad Department of Built Environment Studies and Technology, College of Built Environment, Universiti Teknologi MARA Perak Branch, Seri Iskandar Campus, Seri Iskandar Perak, Malaysia
Nurhastuty Kesumo Wardhani Faculty of Economics and Business, Universitas Trisakti, Jakarta, Indonesia

DOI:

https://doi.org/10.21834/e-bpj.v9i28.5878

Keywords:

Ecosystem Service, Valuation Method, Valuer, Economic Value

Abstract

The study explores Malaysian valuers' perception of ecosystem service valuation, focusing on the valuation approach, factors affecting ES value, and the provision of ES. The qualitative research design involved conducting interviews with experts in ecosystem service valuation to gain a deeper understanding of their perspectives and methods. This study offers crucial insights into the provision of valuation techniques for ES standards, serving as a guide for analyses and addressing current legal needs. This study will contribute to the existing body of knowledge and help practitioners who may use the study's findings in practical settings.

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