Navigation Links
Valuing nature is not enough
Date:1/24/2013

Is it possible to put a price tag on the natural world? A researcher at The University of Nottingham has been examining the rise of a new concept ecosystem services to describe the multitude of resources supplied to us by Mother Nature.

Academic Dr Marion Potschin, of the University's Centre for Environmental Management, is among an international team of researchers who have been investigating the ethical considerations of this new concept, which some have argued turns nature into a 'commodity'.

In a paper published in the journal BioScience, Dr Potschin and her colleagues from universities in Australia, Spain, Germany, Canada and the US look at the implications of attaching a monetary value to the environment and argue that the social impact of this needs to be considered alongside questions of social equity. For example, how should the costs of maintaining ecosystems that supply us with resources such as clean water and food be apportioned in society, and what kind of responsibilities do those who benefit from these have in meeting the costs?

The idea that nature provides a range of benefits to society in the form of ecosystem services has recently gained wide interest in the international science and policy communities.

It has sparked debate about natural capital and the way we manage it alongside human, social, manufactured and built capital and is increasingly being used to better inform goals for sustainable development.

Intrinsic value

Dr Potschin and her co-authors said: "The increasing use of the ecosystem services concept has occurred at the same time as the development of a globalised economy, increasing privatisation of public assets, greater government deregulation and growing economic rationalism."

"This background poses a major challenge for those who seek to argue for the importance of non-monetary values of nature, such as local communities that seek to emphasise the intrinsic value of nature."

Dr Potschin added: "The debate has often become polarised between opposite viewpoints the narrow perspective driven by conventional economic analysis versus one which takes into account ecological concerns.

"However, our research is less about the narrow financial outlook but rather drawing out the numerous issues which need to be addressed in using the Ecosystem Service Approach, to ensure that the trading off of conflicting values and benefits is done equitably and takes into consideration the true values, beliefs and interests of all parties including local communities, future generations and humanity in general in addition to those who may gain or lose out financially."

Ethical concerns

Among those ethical concerns is the approach to the use of resources from the natural world by different generations either by giving up potential current income for the benefit of our children or grandchildren or by exploiting resources now at the expense of future generations.

The study concluded that using ecosystem services to simply attach a monetary value to the ecosystem does not need to be central to the way we analyse the contribution that nature makes to humankind.

The researchers argued that it is essential to acknowledge the legitimacy of alternative approaches and valuation languages such as the economic metaphor of 'ecosystem services' for conserving nature.


'/>"/>
Contact: Emma Thorne
emma.thorne@nottingham.ac.uk
44-011-595-15793
University of Nottingham
Source:Eurekalert

Related biology news :

1. 15-year study: When it comes to creating wetlands, Mother Nature is in charge
2. Epigenetic signatures direct the repair potential of reprogrammed cells
3. Nature: Video reveals wave character of particles
4. 2012 ACMG Foundation/Signature Genomic Laboratories Travel Award winner announced
5. Stoneflies mapped across Ohio, with implications for water quality and nature conservation
6. Gene signature helps identify risk of relapse in lung cancer patients
7. Natures billion-year-old battery key to storing energy
8. Can natures beauty lift citizens from poverty?
9. Biosignatures distinguish between tuberculosis and sarcoidosis
10. Nature: Microscope looks into cells of living fish
11. Nature or nurture? It may depend on where you live
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/1/2016)... Favorable Government Initiatives Coupled With ... Identification to Boost Global Biometrics System Market Through 2021  ... report, " Global Biometrics Market By Type, By ... 2011 - 2021", the global biometrics market is projected ... of growing security concerns across various end use sectors ...
(Date:5/20/2016)...  VoiceIt is excited to announce its new ... By working together, VoiceIt and VoicePass will offer ... take slightly different approaches to voice biometrics, collaboration ... usability. Both ... "This marketing and technology partnership allows ...
(Date:5/12/2016)... 2016 WearablesResearch.com , a brand of ... results from the Q1 wave of its quarterly wearables ... consumers, receptivity to a program where they would receive ... insurance company. "We were surprised to see ... Michael LaColla , CEO of Troubadour Research, "primarily because ...
Breaking Biology News(10 mins):
(Date:6/23/2016)... ... June 23, 2016 , ... Supplyframe, the ... the Supplyframe Design Lab . Located in Pasadena, Calif., the Design Lab’s ... how hardware projects are designed, built and brought to market. , The Design ...
(Date:6/23/2016)... ... June 23, 2016 , ... In a new case report ... detail how a patient who developed lymphedema after being treated for breast cancer benefitted ... change the paradigm for dealing with this debilitating, frequent side effect of cancer treatment. ...
(Date:6/23/2016)... , June 23, 2016  Blueprint Bio, a company ... to the medical community, has closed its Series A ... Nunez . "We have received a commitment ... capital we need to meet our current goals," stated ... us the runway to complete validation on the current ...
(Date:6/23/2016)... YORK , June 23, 2016 ... trading session at 4,833.32, down 0.22%; the Dow Jones Industrial ... S&P 500 closed at 2,085.45, down 0.17%. Stock-Callers.com has initiated ... INFI ), Nektar Therapeutics (NASDAQ: NKTR ), ... Therapeutics Inc. (NASDAQ: BIND ). Learn more about ...
Breaking Biology Technology: