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Ecosystem services in theory and practice

Costanza, Robert


The ecosystems of the world generate processes that provide values to human well-being. Thus, these systems function as a kind of natural capital, in that they are a stock that yields a flow of services over time. These ecosystem services generate benefits to societies in the form of clean air, water, fiber, and food, among others. They provide a challenge to traditional economics in developing appropriate ways to assign value. The Millennium Ecosystem Assessment developed a categorization of...[Show more]

CollectionsANU Research Publications
Date published: 2015
Type: Book chapter
Book Title: Valuing Nature: Protected Areas and Ecosystem Services
DOI: 10.1016/B978-0-12-409548-9.10293-3


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