The Value of Nature and the Nature of Value
Format: Journal Article
Publication Date: 2000/07/21/
Pages: 395 - 396
Sources ID: 86566
Visibility: Public (group default)
Ecosystems are capital assets: When properly managed, they yield a flow of vital goods and services. Relative to other forms of capital, however, ecosystems are poorly understood, scarcely monitored, and--in many important cases--undergoing rapid degradation. The process of economic valuation could greatly improve stewardship. This potential is now being realized with innovative financial instruments and institutional arrangements.