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Economics of Ecosystem Restoration

Author

Listed:
  • Alisher Mirzabaev

    (Unique land use GmbH, Freiburg im Breisgau, Germany)

  • David Wuepper

    (Land Economics Group, University of Bonn, Bonn, Germany)

Abstract

Restoration of degraded ecosystems is essential for having a stable climate, reducing weather extremes and disease burden, producing enough food to feed growing populations, and generally keeping the world livable. However, we are currently rapidly degrading ecosystems worldwide, thus destroying the very basis of life. There is a major gap between what investments are needed to restore degraded ecosystems and prevent further degradation and what is actually being invested. In addition, most governments are still learning how to design and implement ecosystem restoration policies that are effective and efficient. Ecosystem restoration should be among our main scientific endeavors. This review fills a critical gap in the existing literature by providing a theory-informed understanding of the findings emerging from this highly policy-relevant strand of resource economics. The article also suggests key areas for future research.

Suggested Citation

  • Alisher Mirzabaev & David Wuepper, 2023. "Economics of Ecosystem Restoration," Annual Review of Resource Economics, Annual Reviews, vol. 15(1), pages 329-350, October.
    • Handle: RePEc:anr:reseco:v:15:y:2023:p:329-350
    DOI: 10.1146/annurev-resource-101422-085414
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    More about this item

    Keywords

    ecosystems; biodiversity; environmental policies; socioeconomic impacts;
    All these keywords.

    JEL classification:

    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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