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JASON COLEMAN

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A structural engineer with a love for tech, politics, science, and culture.
Articles Posted: 8  Links Seeded: 1601
Member Since: 1/2006  Last Seen: 8/04/2011

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Scientists Determine Dollar Value for Ecosystems

Seeded on Wed Nov 1, 2006 2:44 PM EST
Read ArticleArticle Source: seedmagazine.com
science, environment, economics, ecology, modeling
Seeded by Jason Coleman
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A scientific model will answer questions like 'what is a honeybee worth?' and measure the economic costs and benefits of ecosystems to human life, Canadian and US scientists said.

Researcher Kai Chan of the University of British Columbia said the model will help estimate the dollar value to people of such ecosystem services as mangroves and wetlands.

Such modeling could allow decision-makers to include the costs and benefits of nature conservation when planning developments such as housing, agriculture zones or hydroelectric dams.

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  • Public Discussion (2)
Gideon Polya

Jason - very useful seed. Several years ago Balmford et al in a key paper in Science (actually a very important issue of that top journal with an outstanding editorial and an outstanding environmental assessment from the head of the AAAS) made estimates of the total economic value of Wild Nature.

Thus see the Science Blog summary of the estimate by Balmford et al of an annual total economic value of Wild Nature of about US$38 trillion (noting that the 2003 summed world GDPs totaled about US$55 trillion) and that the benefit from saving what remains of Wild Nature would exceed the destructively exploitative benefit by a factor of over 100 to 1:

http://www.scienceblog.com/community/older/2002/G/2002038.html .

The reference for Balmford et al "Economic reasons for preserving wild nature" is Science, 2002, vol. 297, pp 950-953; for their paper see:

http://www.envirosecurity.org/conference/working/ReasonsConservWildNature.pdf

For some other key references and arguments in this area (notably Costanza et al The value of the world's ecosystem services and natural capital, Nature vol. 387, 253-260, 1997):

http://www.wilderness.net/library/documents/aug03_kormos_martin.pdf .

  • 1 vote
Reply#1 - Wed Nov 1, 2006 5:21 PM EST
Gideon Polya

My apologies for an error in #1 - I must correct myself immediately (I was diverted helping someone with a microwave) - what Balmford et al actually estimated was that "the overall benefit:cost ratio of an effective global programme for the conservation of remaining wild nature is at least 100:1".

What they also found was that in a number of intensively studied systems ("biomes") they were able to consider, the economic value of sustainable use of wild nature was substantially greater (e.g. of the order of 50% greater) than for destructive exploitation.

  • 1 vote
#1.1 - Wed Nov 1, 2006 5:34 PM EST
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