Ecosystem Services from Forests: Valuation and Policy issues. Kanchan Chopra Formerly Director and Professor Institute of Economic Growth Delhi Visiting Professor TERI University . Ecosystem Services: the issues .
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Ecosystem Services from Forests: Valuation and Policy issues
Formerly Director and Professor
Institute of Economic Growth Delhi
Visiting Professor TERI University
Arid Lands & Grasslands
Biodiversity underlies the goods and services provided by ecosystems that are crucial for human survival and well-being.
Provisioning: Goods produced or provided by ecosystems
Regulating: Benefits obtained from regulation of ecosystem processes
Cultural: Non-material benefits obtained from ecosystems
Supporting: Services that maintain the conditions for life on earth
Ecosystem goods and services have significant economic value, even if some of these goods and most of the services are not traded by the market and carry no price tags to alert society to changes in their supply or in the condition of the ecosystems that generate them
STATED PREFERENCES: Contingent valuation: what people say they will pay
Supreme Court Committee (2006) Estimating NPV per hectare of forest land :
This methodology recommends use of two kinds of policy instruments: