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Ecosystems And Biodiversity Have Been Degraded Over Decades Due To Human Activities. One Of The Critical Causes Is Market Failure: The Current Market Only Accounts Tangible Resources And Neglects Intangible Functions, Such As Climate Control And Natural Hazard Mitigation. Under Such Circumstances In Capitalism, Land Conversion And Resource Exploitation, Which Generate Financial Income, Are Highly Prioritised Over Conservation, Which Is Not Necessarily Beneficial In Monetary Terms. To Halt Ecosystem Degradation, Thus, The Values Of Ecosystem Services Need To Be Visualised And Economic Instruments For Ecosystem Conservation Should Be Further Developed. This Book Focuses On These Two Aspects And Performs Several Studies, Including Valuation Of Ecosystem Services, Productivity Analysis, Institutional Design Of Payment For Ecosystem Services (pes), Impact Assessment Of Reduction Emission From Deforestation And Forest Degradation (redd), And Economic Experiment Of Mitigation Banking Scheme. From These Analysis, Economic Values Of Ecosystem Services Are Demonstrated From Both Supply And Demand Side, And The Directions For Improving Economic Instruments Are Indicated Both Directly And Indirectly. As Many Of These Analysis Are Usually Conducted In The North America And Europe, This Book Is Unique In Geographical Focus, Namely, Japan, Asia And Globe. Also, Wide Variety Of Ecosystems Are Targeted For Studies; Agricultural Lands, Forests, Wetlands, And Marine. Hence, This Will Be Informative Introduction For Those Who Desire To Study Economics Of Biodiversity And Ecosystem Services In These Regions And Of These Ecological Zones.--publisher's Website. Sustainable Use Of Ecosystem Services / Kei Kabaya And Shunsuke Managi -- Convention Of Biological Diversity And Other Initiatives To Worldwide Protection Of Biological Diversity And Ecosystem Services / Tania Ray Bhattacharya And Shunsuke Managi -- The Value Of Biodiversity And Recreation Demand Models: A Spatial Kuhn-tucker Model
This book investigates how market failures contribute to the degradation of biodiversity and proposes economic frameworks to quantify and incentivize the conservation of ecosystem services. Shunsuke Managi, a prominent scholar in environmental economics, utilizes a combination of empirical studies, productivity analysis, and institutional design to address the disconnect between tangible resource exploitation and the intangible benefits provided by natural systems. By shifting the focus toward the valuation of services like climate control and hazard mitigation, the author argues for a more comprehensive integration of ecological health into capitalist economic models.
What You Will Find
Experts identify this work as a significant contribution to environmental economics due to its specific focus on Asian and Japanese ecological contexts. Readers frequently note the technical density of the prose, which serves as a rigorous introduction for students and practitioners interested in the intersection of market mechanisms and biodiversity conservation.
Page Count:
0
Publication Date:
2012-01-01
Publisher:
Routledge
ISBN-10:
0415625637
ISBN-13:
9780203097878
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