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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 ...
The Forest and Rangeland Renewable Resources Planning Act of 1974 requires the Secretary of Agriculture to prepare a Renewable Resource Assessment, including: (1) an analysis of present and anticipated uses, demand for, and supply of the forest and related resources, with consideration of the international forest resource situation, and an analysis of pertinent supply and demand and price ...
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.
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A fundamental concern of ecosystem management is the long-term sustainability of the production of goods and services by ecosystems, [9] as "intergenerational sustainability [is] a precondition for management, not an afterthought."
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]
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 March 11 letter also notes the airport did not apply for a State of Washington, Department of Ecology Oversight Remedial Action Grant this year, which would "contribute a minimum 50% cost ...