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The basic conceptualization of nature from the perspective of environmental economics is that manufactured capital can be used as a substitute for natural capital. [13] The definition of PES provided by environmental economics is the most popular: a voluntary transaction between a service buyer and service seller that takes place on the condition that either a specific ecosystem service is ...
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The forest is a natural system that can supply different products and services. Forests supply water, mitigate climate change, provide habitats for wildlife including many pollinators which are essential for sustainable food production, provide timber and fuelwood, serve as a source of non-wood forest products including food and medicine, and contribute to rural livelihoods.
Many areas listed have parts where fees do not apply. Each year, there are a handful of free entrance days when entrance fees are waived at these areas. [3] Fees are given on a per-vehicle or per-person basis. Per-vehicle fees admit all occupants of a private passenger vehicle, generally for 7-days (unless otherwise noted).
Ecosystem services are ecologically mediated functional processes essential to sustaining healthy human societies. [6] Water provision and filtration, production of biomass in forestry, agriculture, and fisheries, and removal of greenhouse gases such as carbon dioxide (CO 2) from the atmosphere are examples of ecosystem services essential to public health and economic opportunity.
The Transfer Act of 1905 transferred the management of forest reserves from the United States General Land Office of the Interior Department to the Bureau of Forestry, henceforth known as the United States Forest Service. Gifford Pinchot was the first United States Chief Forester in the Presidency of Theodore Roosevelt. [8]