The Wealth Of Nature: Valuing Ecosystem Services
AbstractIn May, 2009, the U. S. Environmental Protection Agency (EPA) released a report titled "Valuing the Protection of Ecological Systems and Services" (U.S. EPA, 2009). I was a member of the EPA Science Advisory Board's Committee on Valuing the Protection of Ecological Systems and Services (C-VPESS) that produced the Report. In this paper, I will try to clarify what we mean by the terms "ecosystem services," "value," and "the wealth of nature." I will also try to see what lessons can be drawn from the C-VPESS Report and the 5 years of Committee deliberations that lie behind it and what conclusions and implications this work has for EEPSEA researchers working in the field of the economics of natural resources.
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Bibliographic InfoPaper provided by Economy and Environment Program for Southeast Asia (EEPSEA) in its series EEPSEA Special and Technical Paper with number sp201007s2.
Date of creation: Jul 2010
Date of revision: Jul 2010
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-04-02 (All new papers)
- NEP-ENV-2011-04-02 (Environmental Economics)
- NEP-HPE-2011-04-02 (History & Philosophy of Economics)
- NEP-PKE-2011-04-02 (Post Keynesian Economics)
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