unit 3 part 2

Question 1

The Ecosystem Services approach is based on the intrinsic value of nature

Answer 1

is false because ecosystem serviece by definition what it can provide us

Question 2

the services approches

Answer 2

-recognizes values of ecosystem services

• demonstrates values(today)

-captures value

Question 3

ecosystem services valuation

Answer 3

-the process of expressing a value for ecosystem goods and services,often is a single metric

-value can be expressed in multiple ways

-monetary(money)

-non-monetery valuation(water flows,air quality)

-economic valuation of ecosystem is ONE of many potential forms of valuation

Question 4

what is the value of ecosystem service

Answer 4

-ecosystem services are under-valued or not at all

-The economies of the Earth would grind to a halt
without the services of ecological life-support systems,so in one sense their total value to the economy is
infinite

Question 5

what is the value of pollination?

Question 6

-Potential uses of ecosystem valuation

Answer 6

-raise awarness and interest
-national income account
-policy analyses and trade-oofs of specific policies
-payment for ecosystem services
-full cost accounting

Question 7

Benefits of Economic sytems economic valuation

Answer 7

-Estimates the overall importance and contribution of
ecosystem services to social and economic well-being
- Uses a common language inform more balanced decisions
regarding trade-offs
- Provides information for a more ‘rational’ decision-making
-Aims at making nature ‘visible’

Question 8

Risks and limitations of ES economic valuation

Answer 8

• Services easier to evaluate may be prioritized
• Nature’s complexity and interconnectedness cannot be reduced to a single (often monetary) metric
• Value subjectivity
• Can ‘well-intentioned’ valuation reinforce a utilitarian perspective and lead to the commodification of nature?
• Importance of value pluralism