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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 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.
Soil quality in agricultural terms is measured on a scale of soil value (Bodenwertzahl) in Germany. [6] Soil quality is primarily measured by chemical, physical, and biological indicators because soil function cannot easily be measured directly. [7] Each of these categories comprises several indicators that provide insight into overall soil ...
Natural capital is the world's stock of natural resources, which includes geology, soils, air, water and all living organisms. Some natural capital assets provide people with free goods and services, often called ecosystem services. All of these underpin our economy and society, and thus make human life possible. [3] [4]
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 ...
The Global Assessment Report on Biodiversity and Ecosystem Services is a report [1] by the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services, on the global state of biodiversity. A summary for policymakers was released on 6 May 2019. [2]
High conservation value forest (HCVF) is a Forest Stewardship Council (FSC) forest management designation used to describe those forests who meet criteria defined by the FSC Principles and Criteria of Forest Stewardship. Specifically, high conservation value forests are those that possess one or more of the following attributes: