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Books > Earth & environment > The environment > Environmental economics
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Economic Valuation of Biodiversity - An Interdisciplinary Conceptual Perspective (Paperback)
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Economic Valuation of Biodiversity - An Interdisciplinary Conceptual Perspective (Paperback)
Series: Routledge Studies in Biodiversity Politics and Management
Expected to ship within 10 - 15 working days
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While biodiversity loss is an ecological phenomenon, it also has
further dimensions - political, social and, last but not least,
economic. From the economic perspective, the rapid loss of
biological diversity can be viewed in two ways. First, the
consequence of this deterioration process is a loss of options and
an increase in scarcity of the environmental 'good', biodiversity.
Second, economic activity and the structure of global and local
economic institutions have frequently been identified as the major
drivers of biodiversity loss. In economic terms, this constitutes a
market failure - market-based economic activities lead to processes
which undermine the long-term stability of these very activities.
This book provides an ecological economic perspective on the value
of diversity in ecosystems. Combining insights from various
sub-disciplines of ecology and environmental/ecological economics,
the author constructs a conceptual framework which identifies the
ways in which biodiversity influences human well-being and offers a
novel, unifying perspective on the economic value of biodiversity.
This framework demonstrates that biodiversity's economic value
mainly results from uncertainty about the future, regarding both
supply of and demand for ecosystem services, and interconnections
between ecosystems. The book goes on to identify suitable methods
for economic valuation of biodiversity and discusses the currently
underdeveloped and underused approach of deliberative monetary
valuation. Combining a strong theoretical framework with practical
examples, this book will be of great interest to students and
researchers of ecological economics, ecosystem services,
environmental values and environmental and resource economics.
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