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Posted Sat Nov 14 2009: from Helmhotz, via EurekAlert:
TEEB: on the economics of ecosystems and biodiversity for policy makers
Policy makers who factor the planet's multi-trillion dollar ecosystem services into their national and international investment strategies are likely to see far higher rates of return and stronger economic growth in the 21st century, a new report issued today says.... Subsidized commercial shrimp farms can generate returns of around $1,220 per hectare by clearing mangrove forests. But this does not take into account the losses to local communities totaling over $12,000 a hectare linked with wood and non-wood forest products, fisheries and coastal protection services (Barbier 2007). Nor does the profit to the commercial operators take into account the costs of rehabilitating the abandoned sites after five years of exploitation -- estimated at over $9,000 a hectare.... The economic invisibility of ecosystems and biodiversity is increased by our dominant economic model, which is consumption-led, production-driven, and GDP-measured. This model is in need of significant reform. The multiple crises we are experiencing -- fuel, food, finance, and the economy -- serve as reminders of the need for change.
[Read more stories about: bad policy, economic myopia, rain forest depletion]

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'Doc Jim says:
Placing a value on ecosystem services is so... arbitrary.

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