Handbook On The Economics Of Ecosystem Services And Biodiversity

In recent years, there has been a marked proliferation in the literature on economic approaches to ecosystem management, which has created a subsequent need for real understanding of the scope and the limits of the economic approaches to ecosystems and

The idea that nature provides services to people is one of the most powerful concepts to have emerged over the last two decades. It is shaping our understanding of the role that biodiverse ecosystems play in the environment and their benefits for humankind. As a result, there is a growing interest in operational and methodological issues surrounding ecosystem services amongst environmental managers, and many institutions are now developing teaching programmes to equip the next generation with the skills needed to apply the concepts more effectively. This handbook provides a comprehensive reference text on ecosystem services, integrating natural and social science (including economics). Collectively the chapters, written by the world's leading authorities, demonstrate the importance of biodiversity for people, policy and practice. They also show how the value of ecosystems to society can be expressed in monetary and non-monetary terms, so that the environment can be better taken into account in decision making. The significance of the ecosystem service paradigm is that it helps us redefine and better communicate the relationships between people and nature. It is shown how these are essential to resolving challenges such as sustainable development and poverty reduction, and the creation of a green economy in developing and developed world contexts.

In recent years, there has been a marked proliferation in the literature on economic approaches to ecosystem management, which has created a subsequent need for real understanding of the scope and the limits of the economic approaches to ecosystems and biodiversity. Within this Handbook, carefully commissioned original contributions from acknowledged experts in the field address the new concepts and their applications, identify knowledge gaps and provide authoritative recommendations.

This Handbook presents state-of-the-art methodological guidance and discussion of international practice related to the integration of biodiversity and ecosystem services in impact assessment, featuring contributions from leading researchers and practitioners the world over. Its multidisciplinary approach covers contributions across five continents to broaden the scope of the field both thematically and geographically.

First Published in 2012. Routledge is an imprint of Taylor & Francis, an informa company.

Human well-being relies critically on ecosystem services provided by nature. Examples include water and air quality regulation, nutrient cycling and decomposition, plant pollination and flood control, all of which are dependent on biodiversity. They are predominantly public goods with limited or no markets and do not command any price in the conventional economic system, so their loss is often not detected and continues unaddressed and unabated. This in turn not only impacts human well-being, but also seriously undermines the sustainability of the economic system. It is against this background that TEEB: The Economics of Ecosystems and Biodiversity project was set up in 2007 and led by the United Nations Environment Programme to provide a comprehensive global assessment of economic aspects of these issues. This book, written by a team of international experts, represents the scientific state of the art, providing a comprehensive assessment of the fundamental ecological and economic principles of measuring and valuing ecosystem services and biodiversity, and showing how these can be mainstreamed into public policies. This volume and subsequent TEEB outputs will provide the authoritative knowledge and guidance to drive forward the biodiversity conservation agenda for the next decade.

This Handbook provides an overview of major current debates, trends and perspectives in ecological economics. It covers a wide range of issues, such as the foundations of ecological economics, deliberative methods, the de-growth movement, ecological macroeconomics, social metabolism, environmental governance, consumer studies, knowledge systems and new experimental approaches. Written by leading authors in their respective areas of specialisation, the contributions systematize the “state of the art” in the selected topics, and draw insights about new knowledge frontiers.

This book draws on a range of interdisciplinary perspectives to provide a framework for translating concepts into ecosystem-related decision making and practice.