2002
DOI: 10.1126/science.1073947
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Economic Reasons for Conserving Wild Nature

Abstract: On the eve of the World Summit on Sustainable Development, it is timely to assess progress over the 10 years since its predecessor in Rio de Janeiro. Loss and degradation of remaining natural habitats has continued largely unabated. However, evidence has been accumulating that such systems generate marked economic benefits, which the available data suggest exceed those obtained from continued habitat conversion. We estimate that the overall benefit:cost ratio of an effective global program for the conservation… Show more

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Cited by 1,226 publications
(807 citation statements)
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“…Two highly controversial studies, both with natural scientists as lead authors, have made claim to have assessed the monetary value of the World's ecosystems (Costanza et al, 1997) and all remaining wild Nature (Balmford et al, 2002). In the United States, the ecosystems services approach has been promoted, amongst others, by ecologists Paul Ehrlich and his student Gretchen Daily (e.g., Daily, 1997;Daily et al, 2000).…”
Section: A Developing Pragmatic Financial Discoursementioning
confidence: 99%
See 1 more Smart Citation
“…Two highly controversial studies, both with natural scientists as lead authors, have made claim to have assessed the monetary value of the World's ecosystems (Costanza et al, 1997) and all remaining wild Nature (Balmford et al, 2002). In the United States, the ecosystems services approach has been promoted, amongst others, by ecologists Paul Ehrlich and his student Gretchen Daily (e.g., Daily, 1997;Daily et al, 2000).…”
Section: A Developing Pragmatic Financial Discoursementioning
confidence: 99%
“…Increasingly, Nature has become capital, ecosystem structure and functions have become goods and services, and what was valued in its own right requiring protection has become instrumental for providing consumers with utility. Simple money numbers, ideally large and aggregated (e.g., Balmford et al, 2002;Costanza et al, 1997), are seen as using the economic language of business and politics. The UNEP, European Commission and branches of various governments (German, Norwegian, Swedish, Japanese) have supported a major international initiative to establish a dominant monetary value discourse under the title of The Economics of Ecosystems and Biodiversity (TEEB), with the central aim of "mainstreaming the economics of Nature" (TEEB, 2010).…”
Section: Introductionmentioning
confidence: 99%
“…Despite their limited extent (approximately 0.7 % of tropical forests), they are globally important carbon sinks because of their efficiency in carbon assimilation and below-ground storage (Donato et al 2011). The gap between the economic value of intact mangrove ecosystems and the value captured by standard market economics (i.e., the market failure) is one of the widest for any ecosystem (Balmford et al 2002). Mangroves are recognized as providing a wide-range of provisioning, regulating, supporting and cultural services that could be combined with carbon sequestration in marketing ''high value'' carbon payments in putative PES projects.…”
Section: Introductionmentioning
confidence: 99%
“…1997), yet they are particularly at risk from anthropogenic change (Balmford et al. 2002; Dudgeon et al. 2006; Abell et al.…”
Section: Introductionmentioning
confidence: 99%