Accounting for the increasing benefits from scarce ecosystems

Research output: Contribution to journal › Journal article › Research › peer-review

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Accounting for the increasing benefits from scarce ecosystems. / Drupp, Moritz A.; Hänsel, Martin C.; Fenichel, Eli P.; Freeman, Mark C.; Gollier, Christian; Groom, Ben; Heal, Geoffrey M.; Howard, Peter H.; Millner, Antony; Moore, Frances C.; Nesje, Frikk; Quaas, Martin F.; Smulders, Sjak; Sterner, Thomas; Traeger, Christian; Venmans, Frank.

In: Science, Vol. 383, No. 6687, 2024, p. 1062-1064.

Research output: Contribution to journal › Journal article › Research › peer-review

Harvard

Drupp, MA, Hänsel, MC, Fenichel, EP, Freeman, MC, Gollier, C, Groom, B, Heal, GM, Howard, PH, Millner, A, Moore, FC, Nesje, F, Quaas, MF, Smulders, S, Sterner, T, Traeger, C & Venmans, F 2024, 'Accounting for the increasing benefits from scarce ecosystems', Science, vol. 383, no. 6687, pp. 1062-1064. <https://www.science.org/doi/epdf/10.1126/science.adk2086>

APA

Drupp, M. A., Hänsel, M. C., Fenichel, E. P., Freeman, M. C., Gollier, C., Groom, B., Heal, G. M., Howard, P. H., Millner, A., Moore, F. C., Nesje, F., Quaas, M. F., Smulders, S., Sterner, T., Traeger, C., & Venmans, F. (2024). Accounting for the increasing benefits from scarce ecosystems. Science, 383(6687), 1062-1064. https://www.science.org/doi/epdf/10.1126/science.adk2086

Vancouver

Drupp MA, Hänsel MC, Fenichel EP, Freeman MC, Gollier C, Groom B et al. Accounting for the increasing benefits from scarce ecosystems. Science. 2024;383(6687):1062-1064.

Author

Drupp, Moritz A. ; Hänsel, Martin C. ; Fenichel, Eli P. ; Freeman, Mark C. ; Gollier, Christian ; Groom, Ben ; Heal, Geoffrey M. ; Howard, Peter H. ; Millner, Antony ; Moore, Frances C. ; Nesje, Frikk ; Quaas, Martin F. ; Smulders, Sjak ; Sterner, Thomas ; Traeger, Christian ; Venmans, Frank. / Accounting for the increasing benefits from scarce ecosystems. In: Science. 2024 ; Vol. 383, No. 6687. pp. 1062-1064.

Bibtex

@article{9a8c1eb2ebe1478aa9c517a3d1f22279,
title = "Accounting for the increasing benefits from scarce ecosystems",
abstract = "Governments are catching up with economic theory and practice by increasingly integrating ecosystem service values into national planning processes, including benefit-cost analyses of public policies. Such analyses require information not only about today{\textquoteright}s benefits from ecosystem services but also on how benefits change over time. We address a key limitation of existing policy guidance, which assumes that benefits from ecosystem services remain unchanged. We provide a practical rule that is grounded in economic theory and evidence-based as a guideline for how benefits change over time: They rise as societies get richer and even more so when ecosystem services are declining. Our proposal will correct a substantial downward bias in currently used estimates of future ecosystem service values. This will help governments to reflect the importance of ecosystems more accurately in benefit-cost analyses and policy decisions they inform.",
author = "Drupp, {Moritz A.} and H{\"a}nsel, {Martin C.} and Fenichel, {Eli P.} and Freeman, {Mark C.} and Christian Gollier and Ben Groom and Heal, {Geoffrey M.} and Howard, {Peter H.} and Antony Millner and Moore, {Frances C.} and Frikk Nesje and Quaas, {Martin F.} and Sjak Smulders and Thomas Sterner and Christian Traeger and Frank Venmans",
year = "2024",
language = "English",
volume = "383",
pages = "1062--1064",
journal = "Science",
issn = "0036-8075",
publisher = "American Association for the Advancement of Science",
number = "6687",

}

RIS

TY - JOUR

T1 - Accounting for the increasing benefits from scarce ecosystems

AU - Drupp, Moritz A.

AU - Hänsel, Martin C.

AU - Fenichel, Eli P.

AU - Freeman, Mark C.

AU - Gollier, Christian

AU - Groom, Ben

AU - Heal, Geoffrey M.

AU - Howard, Peter H.

AU - Millner, Antony

AU - Moore, Frances C.

AU - Nesje, Frikk

AU - Quaas, Martin F.

AU - Smulders, Sjak

AU - Sterner, Thomas

AU - Traeger, Christian

AU - Venmans, Frank

PY - 2024

Y1 - 2024

N2 - Governments are catching up with economic theory and practice by increasingly integrating ecosystem service values into national planning processes, including benefit-cost analyses of public policies. Such analyses require information not only about today’s benefits from ecosystem services but also on how benefits change over time. We address a key limitation of existing policy guidance, which assumes that benefits from ecosystem services remain unchanged. We provide a practical rule that is grounded in economic theory and evidence-based as a guideline for how benefits change over time: They rise as societies get richer and even more so when ecosystem services are declining. Our proposal will correct a substantial downward bias in currently used estimates of future ecosystem service values. This will help governments to reflect the importance of ecosystems more accurately in benefit-cost analyses and policy decisions they inform.

AB - Governments are catching up with economic theory and practice by increasingly integrating ecosystem service values into national planning processes, including benefit-cost analyses of public policies. Such analyses require information not only about today’s benefits from ecosystem services but also on how benefits change over time. We address a key limitation of existing policy guidance, which assumes that benefits from ecosystem services remain unchanged. We provide a practical rule that is grounded in economic theory and evidence-based as a guideline for how benefits change over time: They rise as societies get richer and even more so when ecosystem services are declining. Our proposal will correct a substantial downward bias in currently used estimates of future ecosystem service values. This will help governments to reflect the importance of ecosystems more accurately in benefit-cost analyses and policy decisions they inform.

M3 - Journal article

VL - 383

SP - 1062

EP - 1064

JO - Science

JF - Science

SN - 0036-8075

IS - 6687

ER -

ID: 385795445