The ecosystem services framework and natural capital conservation

Turner, R. K. and Daily, G. C. (2008) The ecosystem services framework and natural capital conservation. Environmental and Resource Economics, 39 (1). pp. 25-35.

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Abstract

Work at the interface of ecology and economics has inspired a major transformation in the way people think about the environment. Increasingly, ecosystems are seen as capital assets, with the potential to generate a stream of vital life-support services meriting careful evaluation and investment. We first present the concepts underpinning the ecosystem services framework (ESF), laying out the scope and limitations of the approach. We then describe the major challenges in making the ESF operational: (i) detailed information at scales relevant to decision-making; (ii) practical know-how in the process of institutional design & implementation; and (iii) compelling models of success in which economic incentives are aligned with conservation. We close with a brief review of pioneering experiments now underway worldwide, which illustrate how these challenges can be overcome.

Item Type: Article
Faculty \ School: Faculty of Science > School of Environmental Sciences
UEA Research Groups: Faculty of Science > Research Centres > Centre for Social and Economic Research on the Global Environment (CSERGE)
Faculty of Science > Research Groups > Collaborative Centre for Sustainable Use of the Seas
Faculty of Science > Research Groups > Environmental Social Sciences
Faculty of Science > Research Groups > Resources, Sustainability and Governance (former - to 2018)
Depositing User: Rosie Cullington
Date Deposited: 26 Feb 2011 11:59
Last Modified: 21 May 2024 08:30
URI: https://ueaeprints.uea.ac.uk/id/eprint/24884
DOI: 10.1007/s10640-007-9176-6

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