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Ecosystem services are grouped into four broad categories of services. There are provisioning services, such as the production of food and water; regulating services, such as the control of climate and disease; supporting services, such as nutrient cycles and oxygen production; and cultural services, such as spiritual and recreational benefits. [1]
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 ...
ecosystem services - the role played by organisms, without charge, in creating a healthy environment for human beings, from production of oxygen to soil formation, maintenance of water quality and much more. These services are now generally divided into four groups, supporting, provisioning, regulating and cultural.
The Millennium Ecosystem Assessment (MA) is a major assessment of the human impact on the environment, called for by the United Nations Secretary-General Kofi Annan in 2000, launched in 2001 and published in 2005 with more than $14 million of grants. It popularized the term ecosystem services, the benefits gained by humans from ecosystems.
Ecosystem valuation is an economic process which assigns a value (either monetary, biophysical, or other) to an ecosystem and/or its ecosystem services.By quantifying, for example, the human welfare benefits of a forest to reduce flooding and erosion while sequestering carbon, providing habitat for endangered species, and absorbing harmful chemicals, such monetization ideally provides a tool ...
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.
Ecological goods and services (EG&S) are the economical benefits (goods and services) arising from the ecological functions of ecosystems. Such benefits accrue to all living organisms, including animals and plants, rather than to humans alone. However, there is a growing recognition of the importance to society that ecological goods and ...
This indirectly benefits society via the maintenance of ecosystem services and the reduction of severe wildfires. Ecosystem management is an approach to natural resource management that aims to ensure the long-term sustainability and persistence of an ecosystem's function and services while meeting socioeconomic, political, and cultural needs.