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Essay / Research Paper Abstract
This 3 page paper provides an overview of the issue of ecosystem services and their cost. This paper outlines a study that relates the application of a cost analysis to the ecosystem services provided by nature.
Page Count:
3 pages (~225 words per page)
File: MH11_MHEnvEd2.rtf
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Unformatted sample text from the term paper:
recognized more fully is that they occur whether or not man initiates their actions and without tangible costs. No one pays the insects to pollinate crops and no one
writes a check to the water table to begin the process of water purification. Perhaps if man did have to pay for these services, people would take greater notice
about their level of use and would take greater measures to protect them. This is the underlying message presented by researchers of a study of the application of economic principles
to global ecosystem services. Researchers utilized economic market principles to assess ecosystem services in 16 biomes, and came up with a formula for assessing fees for the ecosystem services
provided there. From a global perspective, then, the researchers found that the total services provided for free by natural forces should cost an over $33 trillion a year, more
than twice the global gross national product. In other words, if these services had to be paid for out of our own pockets, no one could afford them.
Critics of this method of assigning value to these services argue that these numbers are inflated. They also criticize the method used to assign value. But in any
case where an assignment of value to something that man generally does not have to pay for occurs, there are always critics who argue that the costs are inflated.
Cost/Benefit analyses (CBA), which are being utilized in health fields to weigh out treatments and determine the impacts of health initiatives, have been criticized in the same manner. At
the same time, the use of CBA and other models for applying costs to the seemingly intangible have been recognized as a necessary part of the fiscally-minded modern era.
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