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The Economics of Ecosystems and Biodiversity: Recent Instances for Debate

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Rodríguez-Labajos, Beatriz, Martínez-Alier, Joan·2013·Conservation and Society
DOI 10.4103/0972-4923.125744
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Abstract

After 1992 many conservation biologists thought that the use of economic instruments would be more effective to halt biodiversity loss than policies based on setting apart some natural spaces outside the market. At the same time there was a new elaboration of the concept of ecosystem services and, since 1997, there have been attempts at costing in money terms the loss of ecosystem services and biodiversity, including the high profile TEEB (The Economics of Ecosystems and Biodiversity) project (2008-2011). Our discussion rests on instances showing the analytical implications of three main socio-economic meanings of biodiversity loss: 1) the loss of natural capital; 2) the loss of ecosystem functions; and 3) the loss of cultural values and human rights to livelihood. We review several approaches to include economic considerations in biodiversity conservation. We show cases where monetary valuation is relevant and other cases where it is controversial and even counterproductive, as it undermines the objectives of conservation

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Cited by

Metadata

Authors
Rodríguez-Labajos, B., & Martínez-Alier, J.
Venue
Conservation and Society
Publisher
Medknow
Published
2013
Volume
11
Issue
4
Pages
326
ISSN
0972-4923 (ISSN-L)
DOI
10.4103/0972-4923.125744
OpenAlex
W2051049084
Cited by
637
References
12
FWCI
74.80
Type
journal article
Language
en
Open access
gold

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