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Valuing ecosystem services: Theory, practice, and the need for a transdisciplinary synthesis

Liu, Shuang; Costanza, Robert; Farber, Stephen; Troy, Austin


The concept of ecosystem services has shifted our paradigm of how nature matters to human societies. Instead of viewing the preservation of nature as something for which we have to sacrifice our well-being, we now perceive the environment as natural capital, one of society's important assets. But ecosystem services are becoming increasingly scarce. In order to stop this trend, the challenge is to provoke society to acknowledge the value of natural capital. Ecosystem services valuation (ESV) is...[Show more]

CollectionsANU Research Publications
Date published: 2010
Type: Journal article
Source: Annals of the New York Academy of Sciences
DOI: 10.1111/j.1749-6632.2009.05167.x


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