Due to data limitations on cost, resource rent for peat extraction is not calculated by using the
formula in Box 1. This paper has used the same methodology that was used in the Initial and
Partial Natural Capital Estimates which calculates a general resource rent ratio for the “mining and
quarrying” sector, which is then used to isolate the resource rent from the market prices of peat
extraction. The resource rent ratio is calculated by dividing the resource rent of the “mining and
quarrying” sector by the total output of this sector