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Ecosystem services are the various benefits that humans derive from healthy ecosystems. These ecosystems, when functioning well, offer such things as provision of food, natural pollination of crops, clean air and water, decomposition of wastes, or flood control. Ecosystem services are grouped into four broad categories of services.
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 ...
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 ...
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.
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.
The Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES) is an intergovernmental organization established to improve the interface between science and policy on issues of biodiversity and ecosystem services. [47] [48] It is intended to serve a similar role to the Intergovernmental Panel on Climate Change. [49]
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 ...
For example, ecosystems do not serve as singular resources but rather are function-dependent in providing an array of ecosystem services. Additionally, this type of stewardship recognizes resource managers and management systems as influential and informed participants in the natural systems that are serviced by humans.