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Title: ESTIMATION OF LAND ASSET AND ECOSYSTEM VALUES IN BROWNFIELDS: SUSTAINABLE VALUATION METHODOLOGICAL APPROACH
ESTIMATION OF LAND ASSET AND ECOSYSTEM VALUES IN BROWNFIELDS: SUSTAINABLE VALUATION METHODOLOGICAL APPROACH

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Juris Burlakovs; Zane Vincevica-Gaile; Maija Fonteina-Kazeka; Elina Paula Puzule; Kamila Morozova
10.5593/sgem2023/5.1/s23.78
10.5593/sgem2023/5.1
1314-2704
978-619-7603-60-6
English
23
5.1
•    Prof. DSc. Oleksandr Trofymchuk, UKRAINE 
•    Prof. Dr. hab. oec. Baiba Rivza, LATVIA
Environmental Legislation, Multilateral Relations and Funding Opportunities
The circular economy implementation demands following sustainability principles. Any degraded area, including brownfields and dumps, needs planning and assessment for primary reuse in future, whether it is green space, residential area or newly developed industrial center. Brownfields usually are associated with environmental pollution, surrounding contamination, and lost-to-economy abandoned resources. Responsible environmental and social governance principles include evaluation criteria of reclamation options. Ecosystem quality evaluation and land asset valuation are significant, either from the future use aspect, discount value or specific land use not always applicable for direct future benefit discern. The paper summarizes key novel aspects of brownfield recultivation as a tangible land asset integrating intangible ecosystem and cultural revitalization perspectives. The long-term recultivation strategies support reusing any resource, including landscape. The contemporary geographical approach reflects the landscape as a cluster of jointly interacting elements such as soil, biota, climate and human-made changes. In such an integrating framework, economic, social, environmental and cultural aspects are jointly included. Therefore, an estimation of regained land value, restored ecosystem services and recovered space for recreation, sports and culture can be performed. The authors have analyzed how to use set of tools such as land asset evaluation, discounted value and ecosystem services valuation for revitalized landfills that is novel approach.
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The work was supported by the PASIFIC program “GeoReco” project funding from the European Union’s Horizon 2020 research and innovation program under the Marie Sklodowska-Curie grant agreement No.847639 and from the Ministry of Education and Science (Poland).
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https://doi.org/10.5593/sgem2023/5.1/s23.78
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Proceedings of 23rd International Multidisciplinary Scientific GeoConference SGEM 2023
23rd International Multidisciplinary Scientific GeoConference SGEM 2023, 03 - 09 July, 2023
Proceedings Paper
STEF92 Technology
International Multidisciplinary Scientific GeoConference SGEM
SWS Scholarly Society; Acad Sci Czech Republ; Latvian Acad Sci; Polish Acad Sci; Serbian Acad Sci and Arts; Natl Acad Sci Ukraine; Natl Acad Sci Armenia; Sci Council Japan; European Acad Sci, Arts and Letters; Acad Fine Arts Zagreb Croatia; Croatian Acad Sci and Arts; Acad Sci Moldova; Montenegrin Acad Sci and Arts; Georgian Acad Sci; Acad Fine Arts and Design Bratislava; Turkish Acad Sci.
571-578
03 - 09 July, 2023
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land asset valuation, discount value, degraded sites, ecosystem services, revitalization