Ecology. The value of nature and the nature of value
- PMID: 10939949
- DOI: 10.1126/science.289.5478.395
Ecology. The value of nature and the nature of value
Abstract
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.
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