Existence Value

{
  "id": "MLC-T-ENV-010328",
  "term": "Existence Value",
  "field": "Environment",
  "definition": "1. A value we place on an environmental amenity simply because we want it to exist.\n\n2. The enjoyment people may experience simply by knowing that a resource exists even if they never expect to use that resource directly themselves. Context: This is a component of \"nonuse value\" from early literature in environmental economics.",
  "subject": "Ecosystems",
  "references": [
    "EPA Subject Matter Expert - Thurston",
    "National Ecosystem Classification System (NESCS) Plus Glossary"
  ],
  "url": "https://mlchart.com/terminology/environment/existence-value/"
}