economic valuation of ecosystems

Economic valuation of ecosystems involves assigning a monetary value to the benefits that ecosystems provide, such as clean water, air, food, and pollination. This helps quantify their importance for human well-being and highlights the costs of degradation. By attaching economic value, policymakers and stakeholders can make more informed decisions, balancing development and conservation. It’s a way to recognize that healthy ecosystems are vital assets that support our economy and quality of life.