A review on the integrative approach for economic valuation of forest ecosystem services

Abstract

Forests have the most biodiversity and provide vital ecosystem services. They offer numerous forest-related services, some of which can be commercialized. This improves social, cultural, health, and scientific life. Nonmarketable and intangible services are discounted because people think they're endless and free. Humans have changed the natural and social worlds through using resources and improving well-being. Public and private decision-makers often compete over natural capital. The loss of biodiversity, climate change, and global warming are interconnected with social development and ensuring an acceptable level of well-being for the majority of humanity, making it difficult for a single, individual approach to estimating the value of these goods and services to generate and support decisions and policies in these complex areas. The complexity of ecosystem products and services requires an integrated assessment with cutting-edge technologies and approaches using a pluralist framework of heterogeneous values. This evaluation should encompass costs and benefits of several ecosystem commodity and service applications. These usage' effects on economic, social, and cultural advancement are also crucial. The extensive and thorough enthronization of natural ecosystems can affect the amount and quality of ecosystem goods and services; thus, it is vital to quantify the complicated inverse effect from civilization to nature. Studies show that incorporating sustainability sciences approaches into an integrative assessment approach may be vital to environmental policy in the future.

Mass Trapping Lepidopteran Pests with Light Traps, with Focus on Tortricid Forest Pests: What If?

“…The plausibility of LT mt (defined as a tool to reduce defoliation/tree mortality caused by budworms) is ultimately determined by the economic valuation of coastal firs in SC relative to the wetland (including ecosystem services, biodiversity value, touristic attributes, etc.). Somehow unexpectedly, a complex monetary assessment of forest value [146][147][148] seems to be the major factor obscuring the application of LT mt in forestry versus agriculture.…”

A Pathway towards Climate Services for the Agricultural Sector

“…Forest and natural areas are of utmost importance for worldwide biology. Moreover, a sustainable and resilient economy that is climate-neutral depends heavily on the forestry industry [79]. Forests are a vital pillar for bolstering biodiversity preservation, accomplishing carbon sequestration, and enssuring the supply of diverse ecosystem services in Europe's policies by addressing environmental sustainability, biodiversity loss, and CC [80,81].…”

A Systematic Review of Geographic Information Systems (GIS) in Agriculture for Evidence-Based Decision Making and Sustainability

“…The ability to accurately predict crop yields well in advance of harvest is of utmost importance, particularly in a geographical area that is known for its unpredictable climate conditions. The monitoring of agricultural crop growth conditions and the forecast of prospective crop yield play a crucial role in the strategic planning and policy formulation for ensuring food security and predicting agricultural economic returns (Abhishek et al, 2023;Raihan, 2023i;Voumik et al, 2023c). One potential avenue for addressing this issue is the formulation of policies aimed at enhancing both the production and sustainability of agriculture (Pawlak & Kołodziejczak, 2020;Raihan & Said, 2022).…”