Accounting for the increasing benefits from scarce ecosystems

Author:

Drupp M. A.1,Hänsel M. C.23,Fenichel E. P.4,Freeman M.5,Gollier C.6,Groom B.78,Heal G. M.9,Howard P. H.10,Millner A.11,Moore F. C.12,Nesje F.13,Quaas M. F.214,Smulders S.15,Sterner T.16,Traeger C.17,Venmans F.8

Affiliation:

1. Department of Economics and Center for Earth System Research and Sustainability (CEN), University of Hamburg, Hamburg, Germany.

2. Faculty of Economics and Management Science, Leipzig University, Leipzig, Germany.

3. Potsdam Institute for Climate Impact Research (PIK), Leibniz Association, Potsdam, Germany.

4. School of the Environment, Yale University, New Haven, CT, USA.

5. School for Business and Society, University of York, York, UK.

6. Toulouse School of Economics, Toulouse, France.

7. Dragon Capital Chair of Biodiversity Economics, LEEP Institute, Department of Economics, University of Exeter, Exeter, UK.

8. Grantham Research Institute on Climate Change and the Environment, London School of Economics and Political Science, London, UK.

9. Columbia Business School, New York, NY, USA.

10. Institute for Policy Integrity, New York University School of Law, New York, NY, USA.

11. Department of Economics, University of California (UC)–Santa Barbara, Santa Barbara, CA, USA.

12. Department of Environmental Science and Policy, UC-Davis, Davis, CA, USA.

13. Department of Economics, University of Copenhagen, Copenhagen, Denmark.

14. German Centre for Integrative Biodiversity Research (iDiv) Halle-Jena-Leipzig, Leipzig, Germany.

15. Department of Economics, Tilburg University, Tilburg, Netherlands.

16. Department of Economics, University of Gothenburg, Gotheenburg, Sweden.

17. Department of Economics, University of Oslo, Oslo, Norway.

Abstract

As people get richer, and ecosystem services scarcer, policy-relevant estimates of ecosystem value must rise

Publisher

American Association for the Advancement of Science (AAAS)

Reference15 articles.

1. IPBES “Global assessment report on biodiversity and ecosystem services of the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services ” E. S. Brondizio J. Settele S. Díaz H. T. Ngo Eds. (IPBES secretariat 2019).

2. P. Dasgupta, The Economics of Biodiversity: The Dasgupta Review (HM Treasury, 2021).

3. Putting a value on injuries to natural assets: The BP oil spill

4. Are There Income Effects on Global Willingness to Pay for Biodiversity Conservation?

5. US Department of Transportation Departmental Guidance: Treatment of the Value of Preventing Fatalities and Injuries in Preparing Economic Analyses (2021); https://www.transportation.gov/sites/dot.gov/files/2021-03/DOT%20VSL%20Guidance%20-%202021%20Update.pdf

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