The Ecological Economics Of Biodiversity

Originally published in 1994, Paradise Lost? is the outcome of a unique collaboration between economists and ecologists initiated by the Beijer Institute of the Royal Swedish Academy of Sciences. The book examines how the loss of biodiversity is one of the most serious problems the world faces, and suggests that new, interdisciplinary thinking is required to safeguard both us and the biosphere from the effects of species extinction. The book examines how an integrated, interdisciplinary approach to the conservation of biodiversity can understand and tackle the issue. It provides an overview of the causes of the problem, and examines previous approaches to dealing with it. The book also addresses how the loss of biodiversity affects natural systems and provides an examination of environmental policy, while discussing how this has been affected by the ecological limits to economic activity. This book will be of interest to both academics and students of environmental sciences, economics and politics.

'This is a very readable introduction to the ecological economics of biodiversity. Particularly useful is the careful presentation of four major concepts of biodiversity (genes, species, ecosystems, and functional uses) and their valuation. the authors address the concerns that biodiversity cannot (and should not) be valued, but then present the major economic valuation approaches that have been applied by economists to this thorny issue. A short volume (one of its virtues), the book is not designed to be a cook book that offers detailed explanations of various valuation approaches. Rather, the book should be seen as identifying the inputs or ingredients of a successful analysis. the authors pull together an impressive list of past valuation studies of biodiversity and biological resources and discuss their results, their coherence and the reasons why values may differ (often because seemingly similar studies really measure quite different attributes). In fact, this form of meta-analysis is one of the major contributions of the volume. the book ends with a short but useful chapter of conclusions and policy implications, thereby reminding us that the reason for the analysis of biodiversity uses and values is to design effective policies to ensure that more, rather than less, biodiversity is conserved for future generations. This book is highly recommended for all those who are interested in a better understanding of what biodiversity is, the likely economic values associated with it, and why it is being lost at such an alarming rate.' - John A. Dixon, the World Bank, US the loss of biodiversity has put increasing pressure on the stability and continuity of ecosystems, and their ability to provide goods and services to mankind. This valuable new book addresses this issue and presents an integrated ecological-economic perspective on the analysis of biodiversity loss and conservation. It adopts a multidisciplinary approach and attempts both to provide a definition of biodiversity benefits as well as investigate alternative perspectives on biodiversity. the book also presents a classification of biodiversity values and effectively illustrates which economic valuation methods can best measure which type of biodiversity value.

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.

Human induced biodiversity loss is greater now than at any time in human history, with extinctions occurring at rates hundreds of times higher than background extinction levels. The field of biodiversity economics analyses the socio-economic causes of and solutions to biodiversity loss by combining the disciplines of economics, ecology and biology. This field has shown a remarkable degree of transformation over the past four decades and now incorporates the analysis of the entire diversity of biological resources within the living world. Biodiversity Economics presents a series of papers that show how bio-economic analysis can be applied to the examination and evaluation of the problem of various forms of biodiversity loss. Containing insightful bio-economic research by some of prominent practitioners in the field, this volume will be an essential research tool to those working on biodiversity issues in the academic, policy and private sectors.

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.

Economic valuation of biodiversity and ecosystem services is possibly the most powerful tool for halting the loss of biodiversity while maintaining incomes and livelihoods. Yet rarely have such approaches been applied to tropical forest ?hotspots?, which house the vast majority of the planets plant and animal species. This ground-breaking work is the most comprehensive and detailed examination of the economics of environmental valuation and biodiversity conservation to date. Focusing on the Western Ghats of India, one of the top biodiversity hotspots in the world, this volume looks at a cross-section of local communities living within or near sanctuaries and reserve forests such as coffee growers, indigenous people and farmers-cum-pastoralists to assess the use and non-use values that people derive from tropical forests. It also looks at the extent of their dependence on forests for various goods and services, and examines their perceptions and attitudes towards biodiversity conservation and wildlife protection. The book concludes with an assessment of the institutional alternatives and policies for promoting biodiversity conservation through economic valuation methods. Related titles Economics for Collaborative Environmental Management (2005) 1-84407-095-6

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

Ecosystems and biodiversity have been degraded over decades due to human activities. One of the critical causes is market failure: the current market only accounts tangible resources and neglects intangible functions, such as climate control and natural hazard mitigation. Under such circumstances in capitalism, land conversion and resource exploitation, which generate financial income, are highly prioritised over conservation, which is not necessarily beneficial in monetary terms. To halt ecosystem degradation, thus, the values of ecosystem services need to be visualised and economic instruments for ecosystem conservation should be further developed. This book focuses on these two aspects and performs several studies, including valuation of ecosystem services, productivity analysis, institutional design of payment for ecosystem services (PES), impact assessment of reduction emission from deforestation and forest degradation (REDD), and economic experiment of mitigation banking scheme. From these analysis, economic values of ecosystem services are demonstrated from both supply and demand side, and the directions for improving economic instruments are indicated both directly and indirectly. As many of these analysis are usually conducted in the North America and Europe, this book is unique in geographical focus, namely, Japan, Asia and globe. Also, wide variety of ecosystems are targeted for studies; agricultural lands, forests, wetlands, and marine. Hence, this will be informative introduction for those who desire to study economics of biodiversity and ecosystem services in these regions and of these ecological zones.