The Value of Nature and the Nature of Value

  title={The Value of Nature and the Nature of Value},
  author={G. Daily and T. S{\"o}derqvist and Sara Aniyar and K. Arrow and P. Dasgupta and P. Ehrlich and C. Folke and A. Jansson and B. Jansson and N. Kautsky and S. Levin and J. Lubchenco and K. M{\"a}ler and D. Simpson and D. Starrett and D. Tilman and B. Walker},
  pages={395 - 396}
Ecosystems are capital assets: When properly managed, they yield a flow of vital goods and services. Relative to other forms of capital, however, ecosystems are poorly understood, scarcely monitored, and--in many important cases--undergoing rapid degradation. The process of economic valuation could greatly improve stewardship. This potential is now being realized with innovative financial instruments and institutional arrangements. 

Topics from this paper

The concept of natural capital
The natural environment is now commonly viewed as a form of capital asset, or natural capital. Also included are ecosystems that provide important goods and services to the economy. Managing naturalExpand
The Ecosystem Services Framework and Natural Capital Conservation
Work at the interface of ecology and economics has inspired a major transformation in the way people think about the environment. Increasingly, ecosystems are seen as capital assets, with theExpand
Capitalizing on Nature: Ecosystems as Natural Assets
List of figures List of tables List of boxes Preface Acknowledgements 1. Ecological scarcity as an economic problem 2. Ecosystem services and ecological landscapes 3. The basic natural asset model 4.Expand
Measuring the value of groundwater and other forms of natural capital
A guiding quantitative framework enabling natural capital valuation that is fully consistent with capital theory, accounts for biophysical and economic feedbacks, and can guide interdisciplinary efforts to measure sustainability is presented. Expand
A Note on the Valuation of Ecosystem Services in Production
There has been considerable recent interest in the valuation of ecosystem services. We focus here on the value of such services in the production of market goods. Although the conceptual basis forExpand
Wealth accounting, ecological capital and ecosystem services
  • E. Barbier
  • Economics
  • Environment and Development Economics
  • 2013
Abstract This paper develops a methodology for including ecosystem services in a wealth accounting framework. Accounting for ecosystems and their services leads to adjusting net domestic productExpand
Framework for valuing ecosystem services in the Himalayas.
Contiene: Introduction -- Role of economic valuation -- Fundamental issues of economic-ecological integration -- Classification of ecosystem values -- Methodological approaches to valuation --Expand
Sustainability and Development
Sustainable development requires that per capita welfare does not decline over time. The minimum condition is ensuring that any depletion of natural capital is compensated by reproducible and humanExpand
Ecosystem Services in Decision Making: Time to Deliver
Over the past decade, efforts to value and protect ecosystem services have been promoted by many as the last, best hope for making conservation mainstream – attractive and commonplace worldwide. InExpand
Paying for the Environment in China : The Growing Role of the Market By
Healthy natural ecosystems such as forests, rivers, coral reefs, and wetlands can be viewed as “natural capital,” because they in effect provide “goods and services” that are fundamental to humanExpand


Valuing Ecosystem Services
The value of the services provided top human societies by natural ecosystems and biogeochemical cycles has recently been the topic of discussion and research. Here I review some of the basic economicExpand
Nature and the Marketplace: Capturing the Value of Ecosystem Services
Review: Nature and the Marketplace: Capturing the Value of Ecosystem Services By Geoffrey Heal Reviewed by Jack Coburn Isaacs Louisiana Department of Wildlife and Fisheries, USA Geoffrey Heal. NatureExpand
The Costa Rican Experience with Market Instruments to Mitigate Climate Change and Conserve Biodiversity
Two decades of developing relevant legal and institutional regimes for the sustainable and nondestructive use of natural resources have framed Costa Rica's pioneer approach to mitigate climate changeExpand
Economics Returns from the Biosphere
Industrial companies and environmentalists are traditional opponents. But conflict may not he necessary: there is money to be made in projects that embrace environmental goals.
Costing the Earth: when ecology meets economics
In recent years, ecologists and economists have learned the importance of working together. But the alliance has at times been rocky, particularly as there is no consensus on how cooperation is mostExpand
Social Goals and the Valuation of Ecosystem Services
Ecosystem services are obviously important in sus-taining human life on earth (Daily 1997; Costanzaand others 1997a). The big questions include: howimportant? Over what temporal and spatialExpand
Limitations of Economic Valuation of Ecosystems
Valuation methods have been prominent in recent discussions because they are being used in legal efforts to protect and restore ecosystems (Portney1994). Such methods also seem to be a promising wayExpand
Gardenification of tropical conserved wildlands: multitasking, multicropping, and multiusers.
  • D. Janzen
  • Business, Medicine
  • Proceedings of the National Academy of Sciences of the United States of America
  • 1999
Tropical wildlands and their biodiversity will survive in perpetuity only through their integration into human society. One protocol for integration is to explicitly recognize conserved tropicalExpand
Binning and R . Smith , Presentations in Ref ( 3 ) . 9 . D . Ludwig , Ecosystems 3 , 31 ( 2000 ) ; M . Gatto , and G . De Leo
  • BioScience
  • 2000
Linking Social and Ecological Systems (C.U
  • 2000