Abstract
This paper aims to discuss the current research situation and new directions in valuing environmental resources. Although environmental valuation research is frequently published in many journals, there are few actual environment policies for which environmental valuation has been used other than project evaluation. We would like to consider the criticism of environmental valuation and then search for new application possibilities. For this, we survey studies on measuring sustainable development in relation to valuing environment resources. We especially discuss the new theory of sustainable development which considers the specific characteristics of natural capital, like resilience and weak substitutability. Finally, we discuss environmental valuation in relation to the new theory of sustainable development.
