Managing Ecosystem Services for Human Benefit: Economic and Environmental Policy Challenges
AbstractIn the Millennium Ecosystem Assessment (2005), ecologists identified and pointed out a multitude of environmental and other benefits obtained by human-beings from ecosystem services. Frequently, these benefits are not fully recognized and they are not adequately taken into account in decision-making in contemporary economic and political systems for reasons outlined in this contribution. In particular, this adversely affects the optimal conservation of natural, near natural and unmanaged ecosystems. The human benefits from ecosystem services as set out in the Millennium Ecosystem Assessment are summarized and this assessment is examined critically. Economic views about the economic value of different types of ecosystems and forms of biosphere use are outlined and assessed. Determining the economic value of alternative forms of land-use (more generally biosphere-use) is extremely difficult because of knowledge constraints. Often the biophysical consequences, that is, variations in the supply of ecosystems services resulting from alterations in ecosystems, are poorly known. The economic valuation of changes in ecosystems (alterations in biosphere-use) is also hampered by poor information about the demand for these services (for example, the willingness of beneficiaries to pay for their supply) and the cost of replacing these services if they are lost (or diminished in availability) as a result of ecosystem change. While this limits the scope for economic valuation, it does not mean the rational valuation of biosphere use is impossible. It has been suggested that the supply of ecosystem services can be managed optimally, in some cases, if private landholders are paid for supplying these services. The benefits and drawbacks of this approach are discussed. China’s policies to restore the supply of particular ecosystem services, for example, its Grain-for-Green program, are used to illustrate some of these matters.
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Bibliographic InfoPaper provided by University of Queensland, School of Economics in its series Economics, Ecology and Environment Working Papers with number 147512.
Date of creation: Apr 2013
Date of revision:
ecosystem services; China; Millennium Ecosystem Assessment; Environmental Economics and Policy; Q57;
Find related papers by JEL classification:
- Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-05-05 (All new papers)
- NEP-ENV-2013-05-05 (Environmental Economics)
- NEP-RES-2013-05-05 (Resource Economics)
- NEP-TUR-2013-05-05 (Tourism Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Uchida, Emi & Xu, Jintao & Xu, Zhigang & Rozelle, Scott, 2007. "Are the poor benefiting from China's land conservation program?," Environment and Development Economics, Cambridge University Press, vol. 12(04), pages 593-620, August.
- Norgaard, Richard B., 2010. "Ecosystem services: From eye-opening metaphor to complexity blinder," Ecological Economics, Elsevier, vol. 69(6), pages 1219-1227, April.
- Azqueta, Diego & Sotelsek, Daniel, 2007. "Valuing nature: From environmental impacts to natural capital," Ecological Economics, Elsevier, vol. 63(1), pages 22-30, June.
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