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The Framework of Ecosystem Services for Economic Valuation Purposes: A Review
Author(s) -
Nguyen Minh Duc
Publication year - 2019
Publication title -
agricultural sciences
Language(s) - English
Resource type - Journals
ISSN - 2588-1299
DOI - 10.31817/vjas.2019.2.3.04
Subject(s) - ecosystem services , ecosystem valuation , valuation (finance) , ecosystem management , ecosystem , sustainability , environmental resource management , natural resource , business , ecosystem health , natural resource management , natural resource economics , environmental economics , environmental science , economics , ecology , finance , biology
Although humans need ecosystems and ecosystem services for their survival and well-being, most of the global ecosystems and the services that they provide have declined and/or degraded rapidly over the past few decades. In order to find the ways to sustainably use natural resources, substantial efforts have been made to measure and value the ecosystem services. The term ‘ecosystem service’ was interpreted in different ways in the literature. For making correct decisions in natural resource management, a consistent way of defining and classifying ecosystem services is needed for valuation purposes. This paper argued for the need to divide ecosystem services into intermediate and final services.

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