Ecosystem services
Ecosystems provide many benefits to human society, including food, water, timber, climate control, soil formation, tourism, and recreation. Collectively these can be termed “services” and a value can be placed on them (Bryan 2014). Humans have always been dependent on services provided by ecosystems but, until recently, the main concern has been with services which provide tangible products – particularly those which can be sold for profit, such as food and timber. However, there is increasing awareness of the value of those services which, until now, could not be traded – such as clean air and water, erosion control and climate control (Close et al 2010).
Failure to understand the importance of these services has contributed to problems like climate change, soil erosion, and salinity, and a growing awareness of those problems has driven research to identify ecosystem services and quantify their value. Although such services are an important part of what can be considered as our natural capital, they have previously been considered “externalities” in economic terms and little or no account has been taken of them by businesses and governments (Close et al 2010). Rees (1998) describes the economy as a parasite on nature and a sub-system of the ecosphere. Read the rest of this entry »