The Value of Nature and the Nature of Value

  title={The Value of Nature and the Nature of Value},
  author={Gretchen C. Daily and Tore S{\"o}derqvist and Sara Aniyar and Kenneth J. Arrow and Partha Dasgupta and Paul R. Ehrlich and Carl Folke and Annmari Jansson and B. O. Jansson and Nils Kautsky and Simon Levin and Jane Lubchenco and K-G. M{\"a}ler and David Simpson and David A. Starrett and David Tilman and Brian W. 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. 

The concept of natural capital

  • E. Barbier
  • Economics
    Oxford Review of Economic Policy
  • 2019
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 natural

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  • E. Barbier
  • Economics, Environmental Science
    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 product

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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 change

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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 most

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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 way

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Edward Barbier and Geoffrey Heal explain an emerging field aimed at valuing ecosystems, whose purpose is to help policy makers decide things like how best to get New York clean water or the role that

Gardenification of tropical conserved wildlands: multitasking, multicropping, and multiusers.

  • D. Janzen
  • Environmental Science
    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 tropical

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