Economic valuation and the commodification of ecosystem services

Ecosystem services

Auteur(s) et Affiliation(s)



Description :
This paper revisits the controversy on economic valuation of ecosystem services in the light of 2 aspects that are often neglected in ongoing debates. First, the role of the particular institutional setup in which environmental policy and governance is currently embedded in shaping valuation outcomes. Second, the broader economic and sociopolitical processes that have governed the expansion of pricing into previously non-marketed areas of the environment. This analysis suggests that within the institutional setup and broader sociopolitical processes that have become prominent since the late 1980s economic valuation is likely to pave the way for the commodification of ecosystem services with potentially counterproductive effects in the long term for biodiversity conservation and equity of access to ecosystem services benefits.


Type de document :
Article de monographie

Source :
Progress in physical geography, issn : 0309-1333, 2011, vol. 35, n°. 5, p. 613-628, nombre de pages : 16, Références bibliographiques : 3 p.

Date :
2011

Editeur :
Pays édition : Royaume-Uni, London, Sage Publications