Government Valuers’ Insights on Current Practices in Marine Ecosystem Valuation in Malaysia

Abstract

This study investigates the valuation of marine ecosystem services in Malaysia, focusing on government valuers' perspectives. Marine ecosystems are complex environmental assets, but their valuation methods are underdeveloped. The research aims to investigate current approaches, challenges, and challenges in valuing these services, particularly in relation to existing legal frameworks. Through qualitative interviews, the study reveals the current valuation techniques, areas needing standardization, and the importance of clear guidelines for valuation practices. The findings serve as a foundation for analysing valuation methods and addressing the need for tailored laws and standards.