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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 ...
Ecosystem services are the various benefits that humans derive from healthy ecosystems. These ecosystems, when functioning well, offer such things as provision of food, natural pollination of crops, clean air and water, decomposition of wastes, or flood control. Ecosystem services are grouped into four broad categories of services.
Millennium Ecosystem Assessment. The Millennium Ecosystem Assessment (MA) is a major assessment of the human impact on the environment, called for by the United Nations Secretary-General Kofi Annan in 2000, launched in 2001 and published in 2005 with more than $14 million of grants. It popularized the term ecosystem services, the benefits ...
Sustainable land management (SLM [1]) refers to practices and technologies that aim to integrate the management of land, water, and other environmental resources to meet human needs while ensuring long-term sustainability, ecosystem services, biodiversity, and livelihoods. The term is used, for example, in regional planning and soil or ...
The Global Assessment Report is a global-level assessment of changes in Earth's biodiversity that have occurred over the past 50 years. It draws an extensive picture of economic development and its effects on nature in that period. The Report is a collaborative effort by 145 authors from 50 countries, [8] produced over a three-year period and ...
Ecological goods and services. Ecological goods and services (EG&S) are the economical benefits (goods and services) arising from the ecological functions of ecosystems. Such benefits accrue to all living organisms, including animals and plants, rather than to humans alone. However, there is a growing recognition of the importance to society ...
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