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Gretchen Daily
Stanford University - Department of Biological Sciences Stephen Polasky
University of Minnesota, Twin Cities - Department of Applied Economics Joshua Goldstein
Stanford University, Center for Conservation Biology Peter M. Kareiva
The Nature Conservancy - Seattle Harold Mooney
Stanford University - Department of Biological Sciences Liba Pejchar
Center for Conservation Biology, Stanford University Taylor Ricketts
Stanford University - Center for Conservation Biology James E. Salzman
Duke University - School of Law Robert Shallenberger
The Nature Conservancy
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01 May 09
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Last Revised:
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01 May 09
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Abstract:
Over the past decade, efforts to value and protect ecosystem services have been promoted by many as the last, best hope for making conservation mainstream - attractive and commonplace worldwide. In theory, if we can help individuals and institutions to recognize the value of nature, then this should greatly increase investments in conservation, while at the same time fostering human well-being. In practice, however, we have not yet developed the scientific basis, nor the policy and finance mechanisms, for incorporating natural capital into resource- and land-use decisions on a large scale. Here, we propose a conceptual framework and sketch out a strategic plan for delivering on the promise of ecosystem services, drawing on emerging examples from Hawai‘i. We describe key advances in the science and practice of accounting for natural capital in the decisions of individuals, communities, corporations, and governments.
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