Economic Valuation of Ecosystem Services

Economic valuation of ecosystem services involves assigning monetary value to the benefits that nature provides, such as clean water, pollination, climate regulation, and recreation. This helps us understand the importance of ecosystems in terms of their contribution to human well-being and economic stability. By quantifying these benefits financially, policymakers and stakeholders can make more informed decisions that balance development with conservation, ensuring that ecosystems are preserved and sustainably managed for future generations.