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, 289 (5478), 395-6

Ecology. The Value of Nature and the Nature of Value

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Ecology. The Value of Nature and the Nature of Value

G C Daily et al. Science.

Abstract

Ecosystems are capital assets: When properly managed, they yield a flow of vital goods and services. Relative to other forms of capital, however, ecosystems are poorly understood, scarcely monitored, and--in many important cases--undergoing rapid degradation. The process of economic valuation could greatly improve stewardship. This potential is now being realized with innovative financial instruments and institutional arrangements.

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