Valuing An Endangered Species And Its Habitat

Why save endangered species without clear aesthetic, economic, or ecosystemic value? This book takes on this challenging question through an account of the intrinsic goods of species. Ian A. Smith argues that a species’ intrinsic value stems from its ability to flourish—its organisms continuing to reproduce successfully and it avoiding extinction—which helps to demonstrate a further claim, that humans ought to preserve species that we have endangered. He shows our need to exercise humility in our relations with endangered species through the preservation of their intrinsic goods, which in turn rectifies our degradation of their importance. Unique in its appeal to virtue ethics and to species concepts, The Intrinsic Value of Endangered Species is an important resource for scholars working in environmental ethics and the philosophy of biology.

This comprehensive appraisal of the problems and economics of biodiversity conservation will be welcomed by researchers and practitioners as an explicit hands-on application of the contingent valuation method.

Drawing on insights from philosophy, ethics, law and biology, a naturalist and philosopher advocates on behalf of biodiversity, addressing urgent questions about the destruction of species, and provides a new framework for appreciating and defending every form of life.

Resource-management decisions, especially in the area of protecting and maintaining biodiversity, are usually incremental, limited in time by the ability to forecast conditions and human needs, and the result of tradeoffs between conservation and other management goals. The individual decisions may not have a major effect but can have a cumulative major effect. Perspectives on Biodiversity reviews current understanding of the value of biodiversity and the methods that are useful in assessing that value in particular circumstances. It recommends and details a list of components-including diversity of species, genetic variability within and among species, distribution of species across the ecosystem, the aesthetic satisfaction derived from diversity, and the duty to preserve and protect biodiversity. The book also recommends that more information about the role of biodiversity in sustaining natural resources be gathered and summarized in ways useful to managers. Acknowledging that decisions about biodiversity are necessarily qualitative and change over time because of the nonmarket nature of so many of the values, the committee recommends periodic reviews of management decisions.

This book comprehensively addresses the economic, social and institutional difficulties in conserving biodiversity and the ecosystem services that it provides. It covers a wide range of issues such as biodiversity, ecosystem services and valuation in the context of diverse ecosystems such as tropical forests, marine areas, wetlands and agricultural landscapes, non-timber forest products, incentives and institutions, payments for ecosystem services, governance, intellectual property rights and the protection of traditional knowledge, management of protected areas, and climate change and biodiversity. It also covers the application of environmental economics and institutional economics to different cases and the use of techniques such as contingent valuation method and game theory. The book spans the globe with case studies drawn from a cross section of regions and continents including the UK, US, Europe, Australia, India, Africa and South America.