By Committee on Assessing and Valuing the Services of Aquatic and Related Terrestrial Ecosystems, National Research Council
Nutrient recycling, habitat for crops and animals, flood regulate, and water provide are one of several helpful prone supplied by way of aquatic ecosystems. In making judgements approximately human actions, similar to draining a wetland for a housing improvement, it really is necessary to think about either the worth of the advance and the worth of the surroundings companies that may be misplaced. regardless of a becoming popularity of the significance of surroundings prone, their worth is usually neglected in environmental decision-making. This document identifies tools for assigning financial worth to surroundings servicesâ€''even intangible onesâ€''and demands better collaboration among ecologists and economists in such efforts.
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Extra info for Valuing ecosystem services toward better environmental decision-making
There is little to be gained from a comprehensive National Academies review of these valuation methods. Indeed, the literature contains numerous authoritative reviews and critiques, and some federal agencies have published their own assessments and guidelines, which are cited and discussed briefly in Chapter 4. Thus, an important question for this committee was not how to use any particular valuation method, but how to address ecosystem services for which no existing valuation method has been identified, and how to integrate economic and ecological analysis to obtain economic values of ecosystem conservation.
The challenge from an ecological perspective is to interpret basic research on ecosystem functions so that service-level information can be communicated to economists. The challenge for economics and related social sciences is to identify the values of both tangible and intangible goods and services associated with ecosystems while addressing the problem of decision-making in the presence of partial valuation. The combined challenge is to develop and apply methods to assess the values of human-induced changes in ecosystem functions and services.
Although the issues that this raises apply to all types of ecosystems, the use of such information has started to come into particularly sharp focus for aquatic ecosystems and especially for wetlands (NRC, 2001). Studying ecosystem services presents several challenges that are discussed throughout this report. , goods and services) derived by humanity. This problem is complicated by the fact that humans are an integral part of the system; by incomplete knowledge of how ecosystems function; and by the fact that ecosystem services tend to be specific to locations and situations, thus making it difficult to develop generic principles or identify generic characteristics.
Valuing ecosystem services toward better environmental decision-making by Committee on Assessing and Valuing the Services of Aquatic and Related Terrestrial Ecosystems, National Research Council