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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.

Abstract:
Ecosystem services, the benefits that people obtain from ecosystems, are a powerful lens through which to understand human relationships with the environment and to design environmental policy. The explicit inclusion of beneficiaries makes values intrinsic to ecosystem services; whether or not those values are monetized, the ecosystem services framework provides a way to assess trade-offs among alternative scenarios of resource use and land- and seascape change. We provide an overview of the ecosystem functions responsible for producing terrestrial hydrologic services and use this context to lay out a blueprint for a more general ecosystem service assessment. Other ecosystem services are addressed in our discussion of scale and trade-offs. We review valuation and policy tools useful for ecosystem service protection and provide several examples of land management using these tools. Throughout, we highlight avenues for research to advance the ecosystem services framework as an operational basis for policy decisions.

water supply, land management, hydrology, freshwater, flood control, environmental policy, ecosystem valuation