Economic valuation of biodiversity and ecosystem services is possibly the most powerful tool for halting the loss of biodiversity while maintaining incomes and livelihoods. Yet rarely have such approaches been applied to tropical forest 'hotspots', which house the vast majority of the planets plant and animal species. This ground-breaking work is the most comprehensive and detailed examination of the economics of environmental valuation and biodiversity conservation to date. Focusing on the Western Ghats of India, one of the top biodiversity hotspots in the world, this volume looks at a cross-section of local communities living within or near sanctuaries and reserve forests such as coffee growers, indigenous people and farmers-cum-pastoralists to assess the use and non-use values that people derive from tropical forests. It also looks at the extent of their dependence on forests for various goods and services, and examines their perceptions and attitudes towards biodiversity conservation and wildlife protection. The book concludes with an assessment of the institutional alternatives and policies for promoting biodiversity conservation through economic valuation methods.

* Placing an economic value on biodiversity is seen by many as the best and perhaps only successful way of preserving it while also protecting livelihoods* This is the most comprehensive examination of valuation ever conducted, focusing on one of the world's top eight biodiversity "hotspots," with principles widely applicable across the world* Original comparisons of the different "values" of biodiversity, trade-offs, incentives for conservation, case studies of coffee growing and wildlife conservation and practical policy optionsEconomic valuation of biodiversity and ecosystem services is possibly the most powerful tool for halting the loss of biodiversity while maintaining incomes and livelihoods. Yet rarely have such approaches been applied to tropical forest "hotspots," which house the vast majority of the planet's plant and animal species. This groundbreaking work is the most comprehensive and detailed examination of the economics of environmental valuation and biodiversity conservation to date. Focusing on the Western Ghats of India, one of the top biodiversity hotspots in the world, this volume looks at a cross-section of local communities living within or near sanctuaries and reserve forests such as coffee growers, indigenous people and farmers-pastoralists to assess the use and non-use values that people derive from tropical forests. It also looks at the extent of their dependence on forests for various goods and services, and examines their perceptions and attitudes towards biodiversity conservation and wildlife protection. The book concludes with an assessment of the institutional alternatives and policies for promoting biodiversity conservation through economic valuationmethods.

This text reports the more policy-oriented results of the Biodiversity programme of the Royal Swedish Academy of Sciences Beijer Institute. The programme brought economists and ecologists together to consider where the problem in biodiversity loss really lies, what costs it has for society, and how it might best be addressed. The results are different from those reported in other works on the subject. Biodiversity loss matters for all ecosystems - not just the megadiversity tropical forests. And it matters because it compromises the resilience and so the productivity of those systems.

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.

Bioinvasions and Globalization synthesises our current knowledge of the ecology and economics of biological invasions, providing an in-depth evaluation of the science and its implications for managing the causes and consequences of one of the most pressing environmental issues facing humanity today.
Emergent zoonotic diseases such as HIV and SARS have already imposed major costs in terms of human health, whilst plant and animal pathogens have had similar effects on agriculture, forestry, fisheries. The introduction of pests, predators and competitors into many ecosystems has disrupted the benefits they provide to people, in many cases leading to the extirpation or even extinction of native species. This timely book analyzes the main drivers of bioinvasions - the growth of world trade, global transport and travel, habitat conversion and land use intensification, and climate change - and their consequences for ecosystem functioning. It shows how bioinvasions impose disproportionately high costs on countries where a large proportion of people depend heavily on the exploitation of natural resources. It considers the options for improving assessment and management of invasive species risks, and especially for achieving the international cooperation needed to address bioinvasions as a negative externality of international trade.

Bioinvasions and Globalization synthesises our current knowledge of the ecology and economics of biological invasions, providing an in-depth evaluation of the science and its implications for managing the causes and consequences of one of the most pressing environmental issues facing humanity today.
Emergent zoonotic diseases such as HIV and SARS have already imposed major costs in terms of human health, whilst plant and animal pathogens have had similar effects on agriculture, forestry, fisheries. The introduction of pests, predators and competitors into many ecosystems has disrupted the benefits they provide to people, in many cases leading to the extirpation or even extinction of native species. This timely book analyzes the main drivers of bioinvasions - the growth of world trade, global transport and travel, habitat conversion and land use intensification, and climate change - and their consequences for ecosystem functioning. It shows how bioinvasions impose disproportionately high costs on countries where a large proportion of people depend heavily on the exploitation of natural resources. It considers the options for improving assessment and management of invasive species risks, and especially for achieving the international cooperation needed to address bioinvasions as a negative externality of international trade.

How will biodiversity loss affect ecosystem functioning, ecosystem services, and human well-being?
In an age of accelerating biodiversity loss, this timely and critical volume summarizes recent advances in biodiversity-ecosystem functioning research and explores the economics of biodiversity and ecosystem services. The book starts by summarizing the development of the basic science and provides a meta-analysis that quantitatively tests several biodiversity and ecosystem functioning hypotheses. It then describes the natural science foundations of biodiversity and ecosystem functioning research including: quantifying functional diversity, the development of the field into a predictive science, the effects of stability and complexity, methods to quantify mechanisms by which diversity affects functioning, the importance of trophic structure, microbial ecology, and spatial dynamics. Finally, the book takes research on biodiversity and ecosystem functioning further than it has ever gone into the human dimension, describing the most pressing environmental challenges that face humanity and the effects of diversity on: climate change mitigation, restoration of degraded habitats, managed ecosystems, pollination, disease, and biological invasions.
However, what makes this volume truly unique are the chapters that consider the economic perspective. These include a synthesis of the economics of ecosystem services and biodiversity, and the options open to policy-makers to address the failure of markets to account for the loss of ecosystem services; an examination of the challenges of valuing ecosystem services and, hence, to understanding the human consequences of decisions that neglect these services; and an examination of the ways in which economists are currently incorporating biodiversity and ecosystem functioning research into decision models for the conservation and management of biodiversity. A final section describes new advances in ecoinformatics that will help transform this field into a globally predictive science, and summarizes the advancements and future directions of the field. The ultimate conclusion is that biodiversity is an essential element of any strategy for sustainable development.

Biodiversity change is the biggest environmental problem of our time. It leads to much more than species extinctions, affecting the food we eat, the diseases we face, our vulnerability to fire and flood, and our ability to adapt to climate change. Our Uncommon Heritage explores the many dimensions of human-driven biodiversity change. It integrates ecology, economics and policy to examine the causes and consequences of changes in ecosystems, species and genes, and to identify better ways to manage those changes. It explores the place of biodiversity in the wealth of nations, the rights and responsibilities people have for natural resources at local, regional, national and international levels, and the challenges faced in protecting the common good at the global level. This is an important book for students and researchers in the fields of conservation and sustainability science, ecology, natural resource economics and management. It also has much to say to those engaged in international conservation, health, agriculture, forestry and fisheries policy.

What potential problems does biodiversity loss create for humankind? What basis is there for biologists' concern about what has been described as the sixth mass extinction on our planet? The Biodiversity Programme of the Royal Swedish Academy of Sciences' Beijer Institute brought together eminent economists and ecologists to consider these and other questions about the nature and significance of the problem of biodiversity loss. This volume reports key findings from that programme. In encouraging collaborative interdisciplinary work between the closely related disciplines of economics and ecology, programme participants hoped to shed new light on the concept of diversity, the implications of biological diversity for the functioning of ecosystems, the driving forces behind biodiversity loss, and the options for promoting biodiversity conservation. The results of the programme are surprising. They indicate that the main costs of biodiversity loss may not be the loss of genetic material, but the loss of ecosystem resilience and the insurance it provides against the uncertain environmental effects of economic and population growth. Because this is as much a local as a global problem, biodiversity conservation offers both local and global benefits. Since the causes of biodiversity loss lie in the incentives to local users, that is where reform must begin if the problem is to be tackled successfully.

Environmental external effects are evidence of the inability of market prices to reflect the interdependence of economic activities undertaken within a common environment. They are an essential - not a peripheral - feature of all market economics. This essay shows how external effects are produced by the interaction of the economy with its environment, using a classical mass-balance model. No matter how efficient the market may seem to be, the use of market prices to determine depletion and pollution decisions creates more problems than it solves. Far from sharing the stable or relatively stable equilibrium properties of most economic models, the market economy is shown to be forced by its environment through a seemingly chaotic sequence of states. Reliance on the market to accommodate each change of direction merely exaggerates the general instability of the system. The 'market solution' to environmental problems is shown to generate only increasing uncertainty, a progressive myopia, and a heightened risk of conflict.

How will biodiversity loss affect ecosystem functioning, ecosystem services, and human well-being?
In an age of accelerating biodiversity loss, this timely and critical volume summarizes recent advances in biodiversity-ecosystem functioning research and explores the economics of biodiversity and ecosystem services. The book starts by summarizing the development of the basic science and provides a meta-analysis that quantitatively tests several biodiversity and ecosystem functioning hypotheses. It then describes the natural science foundations of biodiversity and ecosystem functioning research including: quantifying functional diversity, the development of the field into a predictive science, the effects of stability and complexity, methods to quantify mechanisms by which diversity affects functioning, the importance of trophic structure, microbial ecology, and spatial dynamics. Finally, the book takes research on biodiversity and ecosystem functioning further than it has ever gone into the human dimension, describing the most pressing environmental challenges that face humanity and the effects of diversity on: climate change mitigation, restoration of degraded habitats, managed ecosystems, pollination, disease, and biological invasions.
However, what makes this volume truly unique are the chapters that consider the economic perspective. These include a synthesis of the economics of ecosystem services and biodiversity, and the options open to policy-makers to address the failure of markets to account for the loss of ecosystem services; an examination of the challenges of valuing ecosystem services and, hence, to understanding the human consequences of decisions that neglect these services; and an examination of the ways in which economists are currently incorporating biodiversity and ecosystem functioning research into decision models for the conservation and management of biodiversity. A final section describes new advances in ecoinformatics that will help transform this field into a globally predictive science, and summarizes the advancements and future directions of the field. The ultimate conclusion is that biodiversity is an essential element of any strategy for sustainable development.

Biodiversity change is the biggest environmental problem of our time. It leads to much more than species extinctions, affecting the food we eat, the diseases we face, our vulnerability to fire and flood, and our ability to adapt to climate change. Our Uncommon Heritage explores the many dimensions of human-driven biodiversity change. It integrates ecology, economics and policy to examine the causes and consequences of changes in ecosystems, species and genes, and to identify better ways to manage those changes. It explores the place of biodiversity in the wealth of nations, the rights and responsibilities people have for natural resources at local, regional, national and international levels, and the challenges faced in protecting the common good at the global level. This is an important book for students and researchers in the fields of conservation and sustainability science, ecology, natural resource economics and management. It also has much to say to those engaged in international conservation, health, agriculture, forestry and fisheries policy.

Environmental external effects are evidence of the inability of market prices to reflect the interdependence of economic activities undertaken within a common environment. They are an essential - not a peripheral - feature of all market economics. This essay shows how external effects are produced by the interaction of the economy with its environment, using a classical mass-balance model. No matter how efficient the market may seem to be, the use of market prices to determine depletion and pollution decisions creates more problems than it solves. Far from sharing the stable or relatively stable equilibrium properties of most economic models, the market economy is shown to be forced by its environment through a seemingly chaotic sequence of states. Reliance on the market to accommodate each change of direction merely exaggerates the general instability of the system. The 'market solution' to environmental problems is shown to generate only increasing uncertainty, a progressive myopia, and a heightened risk of conflict.

This volume reports key findings of the Biodiversity Program of the Royal Swedish Academy of Sciences' Beijer Institute. The program brought together a number of eminent ecologists and economists to consider the nature and significance of the biodiversity problem. In encouraging collaborative work between these closely related disciplines it sought to shed new light on the concept of diversity; the implications of biological diversity for the functioning of ecosystems; the driving forces behind biodiversity loss; and the options for promoting biodiversity conservation. The results of the program are surprising. It is shown that the core of the biodiversity problem is a loss of ecosystem resilience and the insurance it provides against the uncertain environmental effects of economic and population growth. This is as much a local as a global problem, implying that biodiversity conservation offers benefits that are as much local as global. The solutions as well as the causes of biodiversity loss lie in incentives to local users.

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.