Ecosystem Services & Environmental Economics

Ecosystem services are the services people derive from ecosystems.1 Examples for ecosystem services are harvested products such as timber; but also recreation, flood risk mitigation, air pollution control, climate change mitigation, climate change adaptation, and many others. Many of these services are not traded on markets with the consequence that its value is often 'hidden' or taken for granted. CEEP helps you to reveal the real value of ecosystem services and to implement such values in decision-making, reporting, accounting etc. This helps your organisation to manage ecosystem services and finally to improve human wellbeing and business success.

Especially when environmental goods and services are affected, the unregulated market often fails to allocate resources efficiently. For many ecosystem services the market does not reveal the true value of such services which can lead to imperfect ressource allocation and poor decision-making.

CEEP can help you by making the value of ecosystem services explicit; through valuation. Ecosystem valuation is an approach to translate the various services provided by ecosystems and natural capital into monetary terms. This allows to compare different policy options or the application of funds in the most efficient way. The monetary valuation in this context serves as common denominator to reveal trade-offs and efficient ressource allocation; it's not a 'price tag' to sell the environment!

The valuation of ecosystem services is a very useful decision aid whenever environmental goods and services are affected and trade-offs occur. This can help to provide a wider angle on the decision consequences and therefore leads to better decisions.

“Taking the value of our natural services into account isn’t an ‘optional extra’, it’s part of good policy making.”2

Read more about how ecosystem services assessments and environmental economics can help you in the services section.

 

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1) Millennium Ecosystem Assessment, 2005. Ecosystems and human well-being - Synthesis report.

2) Defra. 2010. What nature can do for you - A practical introduction to making the most of natural services, assets and resources in policy and decision making. Department of Environment, Food and Rural Affairs.