Summary1. Ecosystem services are the benefits humans obtain from ecosystems. The importance of research into ecosystem services has been widely recognized, and rapid progress is being made. However, the prevailing approach to quantifying ecosystem services is still based on static analyses and single services, ignoring system dynamics, uncertainty and feedbacks. This is not only partly due to a lack of mechanistic understanding of processes and a dearth of empirical data, but also due to a failure to engage fully with the interdisciplinarity of the problem. 2. We argue that there is a tendency to ignore the feedbacks between and within both social and ecological systems, and a lack of explicit consideration of uncertainty. Metrics need to be developed that can predict thresholds, which requires strong linkages to underlying processes, while the development of policy for management of ecosystem services needs to be based on a broader understanding of value and drivers of human well-being. 3. We highlight the complexities, gaps in current knowledge and research, and the potentially promising avenues for future investigation in four priority research areas: agendas, processes, metrics and uncertainty. 4. Synthesis and applications. The research interest in the field of ecosystem services is rapidly expanding, and can contribute significantly to the sustainable management of natural resources. However, a narrow disciplinary approach, or an approach which does not consider feedbacks within and between ecological and social systems, has the potential to produce dangerously misleading policy recommendations. In contrast, if we explicitly acknowledge and address uncertainties and complexities in the provision of ecosystem services, progress may appear slower but our models will be substantially more robust and informative about the effects of environmental change.

ABSTRACT. The environmental integrity of a mechanism rewarding Reduced Emissions from Deforestation and Degradation (REDD) depends on appropriate accounting for emission reductions. Largely stemming from a lack of forest data in developing countries, emission reductions accounting contains substantial uncertainty as a result of forest carbon stock estimates, where the application of biome-averaged data over large forest areas is commonplace. Using a case study in the Bale Mountains in Ethiopia, we exemplify the implications of primary and secondary forest carbon stock estimates on predicted REDD project emission reductions and revenues. Primary data estimate area-weighted mean forest carbon stock of 195 tC/ha ± 81, and biomeaveraged data reported by the Intergovernmental Panel on Climate Change underestimate forest carbon stock in the Bale Mountains by as much as 63% in moist forest and 58% in dry forest. Combining forest carbon stock estimates and uncertainty in voluntary carbon market prices demonstrates the financial impact of uncertainty: potential revenues over the 20-year project ranged between US$9 million and US$185 million. Estimated revenues will influence decisions to implement a project or not and may have profound implications for the level of benefit sharing that can be supported. Strong financial incentives exist to improve forest carbon stock estimates in tropical forests, as well as the environmental integrity of REDD projects.

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If the world is viewed as a single country, the nature of the question changes completely. Instead of asking what is needed for national development agendas, one needs to ask how the agenda of global sustainable development can be furthered -not how resources can be transferred from one country to another, but how resources can be mobilised for the equitable development of the entire 'country'.