How do ecosystem services impact economies?

Can you explain how ecosystem services affect our economy?

Ecosystem services, like pollination and water purification, provide essential benefits that support economic activities.

What are some specific examples of these services?

Sure! Examples include forests providing timber, wetlands filtering water, and bees pollinating crops, all crucial for economic stability.

How do we measure the economic value of these services?

We often use methods like contingent valuation, which assesses how much people are willing to pay for these services, or market-based approaches.

What happens if we lose these ecosystem services?

Losing these services can lead to increased costs for industries, reduced food security, and overall economic decline.

Are there any policies in place to protect these services?

Yes, many countries implement conservation policies, sustainable land management practices, and economic incentives to protect ecosystem services.