Accounting for the increasing benefits from scarce ecosystems
| Title: | Accounting for the increasing benefits from scarce ecosystems |
|---|---|
| Authors: | Drupp, Moritz A.; Hänsel, Martin C.; Fenichel, Eli P.; Freeman, Mark C.; Gollier, Christian; Groom, Ben; Heal, Geoffrey M.; Howard, Peter H.; Millner, Antony; Moore, Frances C.; Nesje, Frikk; Quaas, Martin F.; Smulders, Sjak; Sterner, Thomas; Traeger, Christian; Venmans, Frank |
| Source: | Drupp , M A , Hänsel , M C , Fenichel , E P , Freeman , M C , Gollier , C , Groom , B , Heal , G M , Howard , P H , Millner , A , Moore , F C , Nesje , F , Quaas , M F , Smulders , S , Sterner , T , Traeger , C & Venmans , F 2024 , ' Accounting for the increasing benefits from scarce ecosystems ' , Science , vol. 383 , no. 6687 , pp. 1062-1064 . https://doi.org/10.1126/science.adk2086 |
| Publication Year: | 2024 |
| Collection: | University of Copenhagen: Research / Forskning ved Københavns Universitet |
| Description: | Governments are catching up with economic theory and practice by increasingly integrating ecosystem service values into national planning processes, including benefit-cost analyses of public policies. Such analyses require information not only about today’s benefits from ecosystem services but also on how benefits change over time. We address a key limitation of existing policy guidance, which assumes that benefits from ecosystem services remain unchanged. We provide a practical rule that is grounded in economic theory and evidence-based as a guideline for how benefits change over time: They rise as societies get richer and even more so when ecosystem services are declining. Our proposal will correct a substantial downward bias in currently used estimates of future ecosystem service values. This will help governments to reflect the importance of ecosystems more accurately in benefit-cost analyses and policy decisions they inform. |
| Document Type: | article in journal/newspaper |
| File Description: | application/pdf |
| Language: | English |
| DOI: | 10.1126/science.adk2086 |
| Availability: | https://researchprofiles.ku.dk/da/publications/9a8c1eb2-ebe1-478a-a9c5-17a3d1f22279; https://doi.org/10.1126/science.adk2086; https://curis.ku.dk/ws/files/399346927/Accepted_version_Accounting_for_the_increasing_benefits_from_scarce_ecosystems.pdf |
| Rights: | info:eu-repo/semantics/openAccess |
| Accession Number: | edsbas.5D767693 |
| Database: | BASE |