What is nature worth? The answer to this question-- which traditionally has been framed in environmental terms-- is revolutionizing the way we do business. Tercek and Adams argue that nature is not only the foundation of human well-being, but also the smartest commercial investment any business...

This address focuses on the legislative design for payment or ecosystem services (PES) since most countries do not have specific legislation that addresses the subject. Brazil is in the process of drafting national legislation on ecosystem services and there are several important issues that can...