Applying ecosystem accounting to develop a risk register for peatlands and inform restoration targets at catchment scale: a case study from the European region

C.A. Farrell*, L. Coleman, D. Norton, M. Kelly-Quinn, S. Kinsella, C. Obst, M. Eigenraam, C. O'Donoghue, I. Sheehy, F. Smith, J.C. Stout

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review

Abstract

Combining natural capital accounting tools and ecosystem restoration approaches builds on existing frameworks to track changes in ecosystem stocks and flows of services and benefits as a result of restoration. This approach highlights policy-relevant benefits that arise due to restoration efforts and helps to maximize opportunities for return on investment. Aligning the System of Environmental Economic Accounting–Ecosystem Accounting (SEEA EA) framework with risk assessment tools, we developed a risk register for peatlands in two contrasting catchments in Ireland, based on available information relating to peatland stocks (extent and condition) and flows (services and benefits), as well as knowledge of pressures. This approach allowed for identification of areas to target peatland restoration, by highlighting the potential to reduce and reverse negative trends in relation to provisioning, regulating, and cultural services, flows relating to non-use values, as well as abiotic flows. We also highlighted ways to reduce and reverse the effects of historical and ongoing pressures through restoration measures, aligning our approach with that outlined in the SER International Principles and Standards for the Practice of Ecological Restoration. Building on the synergies between the SEEA EA and the SER Standards is highlighted as a means to develop transdisciplinary collaboration, to assist in setting and achieving targets set out under the UN Decade on Ecosystem Restoration as well as integrating regional policy targets set under the EU Biodiversity Strategy for 2030, and the related EU Habitats and EU Water Framework Directives.
Original languageEnglish
Article numbere13632
Number of pages17
JournalRestoration Ecology
Volume30
Issue number8
DOIs
Publication statusPublished - Nov 2022

JEL classifications

  • q57 - "Ecological Economics: Ecosystem Services; Biodiversity Conservation; Bioeconomics; Industrial Ecology"

Keywords

  • ecosystem stocks and flows
  • natural capital accounting
  • peatlands
  • Society of Ecological Restoration Standards
  • System of Environmental Economic Accounting–Ecosystem Accounts

Fingerprint

Dive into the research topics of 'Applying ecosystem accounting to develop a risk register for peatlands and inform restoration targets at catchment scale: a case study from the European region'. Together they form a unique fingerprint.

Cite this