Accounting for the increasing benefits from scarce ecosystems

Publikation: Bidrag til tidsskriftTidsskriftartikelForskningfagfællebedømt

  • Moritz A. Drupp
  • Martin C. Hänsel
  • Eli P. Fenichel
  • Mark C. Freeman
  • Christian Gollier
  • Ben Groom
  • Geoffrey M. Heal
  • Peter H. Howard
  • Antony Millner
  • Frances C. Moore
  • Nesje, Frikk
  • Martin F. Quaas
  • Sjak Smulders
  • Thomas Sterner
  • Christian Traeger
  • Frank Venmans
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.
Udgave nummer6687
Sider (fra-til)1062-1064
StatusUdgivet - 2024

ID: 385795445