Valuing marine and coastal ecosystems

Thomas Binet, Adeline Borot de Battisti, Pierre Failler

Research output: Chapter in Book/Report/Conference proceedingChapter (peer-reviewed)peer-review

Abstract

For a long time, nature and, a fortiori the sea have been considered as res nullius in public policies and the economy. The economic evaluation of ecosystems is devised to correct this situation. By fixing a monetary value for the services provided by nature and the changes of human origin, there is need to create conditions where these services can be remunerated through market forces, and degradations compensated by financial retribution.
Original languageEnglish
Title of host publicationOceans
Subtitle of host publicationthe new frontier
EditorsPierre Jacquet, Rajendra K. Pachauri, Laurence Tubiana
Place of PublicationNew Delhi
PublisherTERI Press
Pages48-52
ISBN (Print)9788179934029
Publication statusPublished - 2011

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