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THE ECONOMICS OF ECOSYSTEMS AND BIODIVERSITY
TEEB for National and International Policy Makers
Table of Contents
Chapter 10
Responding to the value of nature
10.1 Why valuing ecosystem services makes economic sense 3
10.1.1 Values are becoming more visible 3
10.1.2 Markets limitations and the role of public policies 6
10.1.3 Recognising ecosystem service values contributes to better decisions 7
10.2 Measuring to manage our natural capital 10
10.2.1 Better measurement of biodiversity and ecosystem services 10
10.2.2 Better links to macro-economic and societal indicators and national accounts 11
10.2.3 The need for better informed management of natural capital 12
10.3 Reasons to invest in natural capital 13
10.3.1 Investment for climate change mitigation and adaptation 13
10.3.2 Investment in ecological infrastructure 15
10.3.3 Investment in protected areas 16
10.3.4 Restoration of degraded ecosystems 18
10.3.5 Investment in ecological infrastructure supports jobs 19
10.4 Improving the distribution of costs and benefits 21
10.4.1 Making sure the right people pay 21
10.4.2 Setting incentives in line with the distribution of nature’s benefits 22
10.4.3 Clarifying rights to resources: good for people and for the environment 23
10.4.4 Managing transition and overcoming resistance to change 25
10.5 Natural capital that delivers prosperity 27
10.5.1 Policies make a difference 27
10.5.2 Opportunities for improvement 28
10.5.3 The road ahead 29
10.5.4 Building a more resource efficient economy 30
References 32
Acknowledgements 36
TEEB FOR NATIONAL AND INTERNATIONAL POLICY MAKERS - CHAPTER 10: PAGE 1