Ecosystems deliver value to people and the economy through ecosystem services. The Joint Research Centre of the European Commission has quantified the use of ecosystem services by the main economic sectors and households at EU level. In this paper, we downscaled the extraction of six ecosystem...

Economics for managing our depleting resources and biodiversity is imperative part of development, more so since sustainable development has been placed on the prime platform for future sustenance of the planet. Sustainable development is at the heart of policy initiatives due to intensive...

This chapter explores the theory and practice of measuring the economic costs and benefits of environmental changes that influence production, both in the context of firms and of households. The theory uses models of household and firm decision making to map the influence of environmental...

This paper provides theoretical tools for discussing some aspects of the nature’s value controversy within Ecological Economics. It is argued that the critical stance of ‘incommensurability of values’ can be reinforced with key insights coming from a political economy of wealth inspired by...

This paper provides theoretical tools for discussing some aspects of the nature’s value controversy within Ecological Economics. It is argued that the critical stance of ‘incommensurability of values’ can be reinforced with key insights coming from a political economy of wealth inspired by...

This paper reviews a number of OECD data sources to examine their potential for establishing indicators which can contribute to monitoring progress towards two of the 2011-2020 Aichi Biodiversity Targets under the Convention on Biological Diversity (CBD), namely Target 3 on Incentives and Target...

As vessel traffic in the Baltic increases, in particular oil transports from Russia to the international market, so too does the risk of oil spills which above the environmental impacts impose costs on society including direct costs, market costs and non-market costs (e.g., losses in welfare...

We formulate and test the hypothesis that expectations regarding changes in future income influences the WTP for environmental goods. For valuation of environmental goods in forests and other habitats in Denmark, we find that both current income and expected changes in future income are...

Marine and coastal ecosystems – and thus the benefits they create for humans – are subject to increasing pressures and competing usages. For this reason, the European Union (EU) adopted the Marine Strategy Framework Directive (MSFD), which is to guide future maritime policy in the EU and...

To decide on the policy measures to be implemented, policymakers need comprehensive information on the costs and benefits of land conversion for society. Accordingly, the EU Biodiversity Strategy requires the member countries to assess their ecosystems and the economic value of their ecosystem...