Introduction

The aim of the European Cooperation in Science and Technology (COST) the Action “European forest externalities (EUROFOREX - COST E45)” was to reach agreement on valuation protocols for valuing externalities produced by different types of forest in Europe. The starting point for the action was that although there is considerable body of research in Europe concerning the valuation of forest externalities the results from these valuation studies are often not comparable due to variations in the application of the valuation methods and the reporting of results. The development of protocols will lead to better and more consistent application and reporting...