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Books > Professional & Technical > Energy technology & engineering > Alternative & renewable energy sources & technology
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Conservation - Economics, Science, and Policy (Paperback)
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Conservation - Economics, Science, and Policy (Paperback)
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A unified theory of conservation that addresses the broad problem
of conservation, the principles that inform conservation choices,
and the application of those principles to the management of the
natural world. The conservation of natural resources, like that of
any other asset, involves trade-offs. Yet, in a world faced with
the harsh realities of climate change, crafting the right
environmental policies is an increasingly urgent task. In
Conservation, Charles Perrings and Ann Kinzig bring together new
research in economics and biodiversity to investigate conservation
decisions and the theory behind them. Perrings and Kinzig apply the
concept of conservation broadly to examine how the principles of
conservation apply to the management of the natural world. They
demonstrate that the same basic principles serve as the foundation
of all rational conservation decisions, from managing financial
assets to safeguarding at-risk ecosystems. Whether someone is
deciding to hold or dispose of a stock or whether to exploit or
preserve a natural resource, they are better off choosing to
conserve a resource when its value to them, if conserved, is
greater than its value when converted. The book also considers the
context of such conservation decisions. Just as national tax rules
influence choices about financial investments, environmental
regulations within countries, and environmental agreements between
countries, impact the decisions regarding natural resources.
Building on their basic theory of conservation, Perrings and Kinzig
address key issues in the field of environmental economics,
including the valuation of ecosystem services and environmental
assets; the limits on the substitutability of produced and natural
capital; and the challenges posed by the often weak markets for
ecosystem services oriented toward the public good. They also
address the problem of scale: while decisions might be easier to
make at the local level, many conservation policies need to apply
at either the national or international level to succeed. Written
by experts from both social and hard sciences, this book presents a
unified theory of conservation and provides a model for a more
effective way to approach the vitally important issue.
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