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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.
The first is purchasing land for federal agencies such as the Bureau of Land Management, Fish and Wildlife Service, the National Park Service, and the U.S. Forest Service to support outdoor recreation. Second, the funds are part of a matching grant program that supports states in managing recreational facilities and lands.
Further, the Forest Service fought fires on 2.996 million acres (12,120 km 2) of land in 2007. [15] The Forest Service organization includes ranger districts, national forests, regions, research stations and research work units and the Northeastern Area Office for State and Private Forestry. Each level has responsibility for a variety of functions.
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