Proceedings of the International Conference on Advance Research in Social and Economic Science (ICARSE 2022)

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The Hidden Value of Green Open Spaces: IDR 10 Trillion Worth of Environmental Services in Sleman District, Indonesia

Authors
Dian Hudawan Santoso1, 4, *, Jamzani Sodik2, 4, Yuli Dwi Astanti3, 4, Wildan Rizky Isnaini1, 4
1Environment Engineering Department, Faculty of Mineral Technology, Yogyakarta, Indonesia
2Economics Department, Faculty of Economy and Business, Yogyakarta, Indonesia
3Industrial Engineering Department, Faculty of Industrial Engineering, Yogyakarta, Indonesia
4University of Pembangunan Nasional Veteran, Yogyakarta, Indonesia
*Corresponding author. Email: dian.hudawan@upnyk.ac.id
Corresponding Author
Dian Hudawan Santoso
Available Online 27 April 2023.
DOI
10.2991/978-2-38476-048-0_27How to use a DOI?
Keywords
GRDP; Valuation; Environmental Services; Economic Value; Open Green Space
Abstract

This scientific article aims to demonstrate that conventional Gross Regional Domestic Product (GRDP) does not accurately reflect the level of welfare in a region, as it fails to account for natural resource depletion and degradation. To address this issue, the concept of green GRDP is introduced, which incorporates the valuation of environmental services, such as those provided by green open spaces. The study focuses on the Sleman District of Yogyakarta, Indonesia, and uses a particular approach to determine the Total Economic Value of the environmental services provided by the green open space. The results show that the estimated value of these services is IDR 10,203,212,977,405, which comprises Direct Use Value and Indirect Use Value. This study highlights the importance of including environmental services in economic assessments, as it provides a more comprehensive understanding of the level of welfare in a region and helps policymakers make informed decisions to promote sustainable development.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Conference on Advance Research in Social and Economic Science (ICARSE 2022)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
27 April 2023
ISBN
978-2-38476-048-0
ISSN
2352-5398
DOI
10.2991/978-2-38476-048-0_27How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Dian Hudawan Santoso
AU  - Jamzani Sodik
AU  - Yuli Dwi Astanti
AU  - Wildan Rizky Isnaini
PY  - 2023
DA  - 2023/04/27
TI  - The Hidden Value of Green Open Spaces: IDR 10 Trillion Worth of Environmental Services in Sleman District, Indonesia
BT  - Proceedings of the International Conference on Advance Research in Social and Economic Science (ICARSE 2022)
PB  - Atlantis Press
SP  - 241
EP  - 247
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-048-0_27
DO  - 10.2991/978-2-38476-048-0_27
ID  - Santoso2023
ER  -