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Journal ArticleDOI

Changes in the global value of ecosystem services

TLDR
In this paper, the authors provided an updated estimate based on updated unit ecosystem service values and land use change estimates between 1997 and 2011, using the same methods as in the 1997 paper but with updated data, the estimate for the total global ecosystem services in 2011 is $125 trillion/yr (assuming updated unit values and changes to biome areas).
Abstract
In 1997, the global value of ecosystem services was estimated to average $33 trillion/yr in 1995 $US ($46 trillion/yr in 2007 $US). In this paper, we provide an updated estimate based on updated unit ecosystem service values and land use change estimates between 1997 and 2011. We also address some of the critiques of the 1997 paper. Using the same methods as in the 1997 paper but with updated data, the estimate for the total global ecosystem services in 2011 is $125 trillion/yr (assuming updated unit values and changes to biome areas) and $145 trillion/yr (assuming only unit values changed), both in 2007 $US. From this we estimated the loss of eco-services from 1997 to 2011 due to land use change at $4.3–20.2 trillion/yr, depending on which unit values are used. Global estimates expressed in monetary accounting units, such as this, are useful to highlight the magnitude of eco-services, but have no specific decision-making context. However, the underlying data and models can be applied at multiple scales to assess changes resulting from various scenarios and policies. We emphasize that valuation of eco-services (in whatever units) is not the same as commodification or privatization. Many eco-services are best considered public goods or common pool resources, so conventional markets are often not the best institutional frameworks to manage them. However, these services must be (and are being) valued, and we need new, common asset institutions to better take these values into account.

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Journal ArticleDOI

Twenty years of ecosystem services: How far have we come and how far do we still need to go?

TL;DR: In this paper, the authors trace the history leading up to these publications and the subsequent debates, research, institutions, policies, on-the-ground actions, and controversies they triggered.
Journal ArticleDOI

A global boom in hydropower dam construction

TL;DR: In this article, major new initiatives in hydropower development are now under way, and at least 3,700 major dams, each with a capacity of more than 1MW, are either planned or under construction, primarily in countries with emerging economies.
Journal ArticleDOI

How much wetland has the world lost? Long-term and recent trends in global wetland area

TL;DR: It is found that the reported long-term loss of natural wetlands averages between 54–57% but loss may have been as high as 87% since 1700 AD, and there has been a much faster rate of wetland loss during the 20th and early 21st centuries.
Journal ArticleDOI

Positive biodiversity-productivity relationship predominant in global forests

Jingjing Liang, +92 more
- 14 Oct 2016 - 
TL;DR: A consistent positive concave-down effect of biodiversity on forest productivity across the world is revealed, showing that a continued biodiversity loss would result in an accelerating decline in forest productivity worldwide.
References
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Journal ArticleDOI

The value of the world's ecosystem services and natural capital

TL;DR: In this paper, the authors have estimated the current economic value of 17 ecosystem services for 16 biomes, based on published studies and a few original calculations, for the entire biosphere, the value (most of which is outside the market) is estimated to be in the range of US$16-54 trillion (10^(12)) per year, with an average of US $33 trillion per year.
Book

Thinking, Fast and Slow

TL;DR: Buku terlaris New York Times and The Economist tahun 2012 as mentioned in this paper, and dipilih oleh The NewYork Times Book Review sebagai salah satu dari sepuluh buku terbaik tahune 2011, Berpikir, Cepat and Lambat ditakdirkan menjadi klasik.
Journal ArticleDOI

A safe operating space for humanity

TL;DR: Identifying and quantifying planetary boundaries that must not be transgressed could help prevent human activities from causing unacceptable environmental change, argue Johan Rockstrom and colleagues.
Journal ArticleDOI

Nature's services: societal dependence on natural ecosystems.

Gretchen C. Daily
- 23 Jan 1998 - 
TL;DR: Nature's Services brings together world-renowned scientists from a variety of disciplines to examine the character and value of ecosystem services, the damage that has been done to them, and the consequent implications for human society.
Related Papers (5)
Trending Questions (1)
What is the current global market value of ecosystem services and natural capital?

The current global market value of ecosystem services is estimated at $125 trillion/yr (assuming updated unit values and land use changes) and $145 trillion/yr (assuming only unit values changed).