Accounting for the increasing benefits from scarce ecosystems
Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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Accounting for the increasing benefits from scarce ecosystems. / Drupp, Moritz A.; Hänsel, Martin C.; Fenichel, Eli P.; Freeman, Mark C.; Gollier, Christian; Groom, Ben; Heal, Geoffrey M.; Howard, Peter H.; Millner, Antony; Moore, Frances C.; Nesje, Frikk; Quaas, Martin F.; Smulders, Sjak; Sterner, Thomas; Traeger, Christian; Venmans, Frank.
I: Science, Bind 383, Nr. 6687, 2024, s. 1062-1064.Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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TY - JOUR
T1 - Accounting for the increasing benefits from scarce ecosystems
AU - Drupp, Moritz A.
AU - Hänsel, Martin C.
AU - Fenichel, Eli P.
AU - Freeman, Mark C.
AU - Gollier, Christian
AU - Groom, Ben
AU - Heal, Geoffrey M.
AU - Howard, Peter H.
AU - Millner, Antony
AU - Moore, Frances C.
AU - Nesje, Frikk
AU - Quaas, Martin F.
AU - Smulders, Sjak
AU - Sterner, Thomas
AU - Traeger, Christian
AU - Venmans, Frank
PY - 2024
Y1 - 2024
N2 - Governments are catching up with economic theory and practice by increasingly integrating ecosystem service values into national planning processes, including benefit-cost analyses of public policies. Such analyses require information not only about today’s benefits from ecosystem services but also on how benefits change over time. We address a key limitation of existing policy guidance, which assumes that benefits from ecosystem services remain unchanged. We provide a practical rule that is grounded in economic theory and evidence-based as a guideline for how benefits change over time: They rise as societies get richer and even more so when ecosystem services are declining. Our proposal will correct a substantial downward bias in currently used estimates of future ecosystem service values. This will help governments to reflect the importance of ecosystems more accurately in benefit-cost analyses and policy decisions they inform.
AB - Governments are catching up with economic theory and practice by increasingly integrating ecosystem service values into national planning processes, including benefit-cost analyses of public policies. Such analyses require information not only about today’s benefits from ecosystem services but also on how benefits change over time. We address a key limitation of existing policy guidance, which assumes that benefits from ecosystem services remain unchanged. We provide a practical rule that is grounded in economic theory and evidence-based as a guideline for how benefits change over time: They rise as societies get richer and even more so when ecosystem services are declining. Our proposal will correct a substantial downward bias in currently used estimates of future ecosystem service values. This will help governments to reflect the importance of ecosystems more accurately in benefit-cost analyses and policy decisions they inform.
U2 - 10.1126/science.adk2086
DO - 10.1126/science.adk2086
M3 - Journal article
C2 - 38452091
VL - 383
SP - 1062
EP - 1064
JO - Science
JF - Science
SN - 0036-8075
IS - 6687
ER -
ID: 385795445