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The Promise and Pitfalls of Ecosystem Services Classification and Valuation

Stephen Flood,T. O’Higgins,M. Lago

Published 2020 in Ecosystem-Based Management, Ecosystem Services and Aquatic Biodiversity

ABSTRACT

We are currently facing the triple interlocked threats of climate change, unsustainable land use change, and the sixth mass species extinction. This chapter firstly outlines these interlinked threats making the case for urgent action. It then documents the efforts to assign economic and non-economic value to our biodiversity (Ecosystem Services) through environmental and ecological economics, highlighting the fundamental philosophical principles underlining both approaches. This sets up a discussion on the development and potential of Ecosystem Services (ESS) as a discipline in its own right, the challenges of application, and the awareness of, and priority assigned to, ESS by policymakers and the private sector. The chapter closes by outlining specific methodological challenges and recommendations for substantially increasing the level of attention and action needed to protect and enhance our invaluable ecosystems in our age of potential ecological collapse.

PUBLICATION RECORD

  • Publication year

    2020

  • Venue

    Ecosystem-Based Management, Ecosystem Services and Aquatic Biodiversity

  • Publication date

    Unknown publication date

  • Fields of study

    Philosophy, Business, Economics, Environmental Science

  • Identifiers
    DOI 10.1007/978-3-030-45843-0_5
  • External record

    Open on Semantic Scholar

  • Source metadata

    Semantic Scholar

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