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Shared wealth or nobody's land? The worth of natural capital and ecosystem services

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  • Ulgiati, Sergio
  • Zucaro, Amalia
  • Franzese, Pier Paolo

Abstract

The prerequisite for a sustainable and equitable use of common resources (the so-called Commons) must be the proper evaluation of their role within the complex network of relationships that ensure ecosystems functioning, resilience, and evolutionary dynamics. It is crucial to ascertain to what extent the common wealth is used for the common benefit. Money-based schemes for valuing the Commons, such as the so-called "willingness-to-pay", provide a user-side evaluation perspective based on the idea that value only stems from utilization by humans. As a complement to such a point of view, we present and discuss in this paper a donor-side evaluation method (Emergy Synthesis) based on the idea that a proper measure of value can be achieved by also accounting for the work done by the biosphere in generating services and resources. It should not be disregarded that such resources and services also provide support to other species in the web of life. Emergy, a scientific measure of such environmental support, is suggested as a tool capable to assess quantity and quality of shared resources, thus providing a basis for their environmentally sound management.

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  • Ulgiati, Sergio & Zucaro, Amalia & Franzese, Pier Paolo, 2011. "Shared wealth or nobody's land? The worth of natural capital and ecosystem services," Ecological Economics, Elsevier, vol. 70(4), pages 778-787, February.
    • Handle: RePEc:eee:ecolec:v:70:y:2011:i:4:p:778-787
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    12. Buonocore, Elvira & Picone, Flavio & Donnarumma, Luigia & Russo, Giovanni F. & Franzese, Pier Paolo, 2019. "Modeling matter and energy flows in marine ecosystems using emergy and eco-exergy methods to account for natural capital value," Ecological Modelling, Elsevier, vol. 392(C), pages 137-146.
    13. Giannetti, B.F. & Ogura, Y. & Bonilla, S.H. & Almeida, C.M.V.B., 2011. "Emergy assessment of a coffee farm in Brazilian Cerrado considering in a broad form the environmental services, negative externalities and fair price," Agricultural Systems, Elsevier, vol. 104(9), pages 679-688.
    14. Franzese, Pier Paolo & Buonocore, Elvira & Donnarumma, Luigia & Russo, Giovanni F., 2017. "Natural capital accounting in marine protected areas: The case of the Islands of Ventotene and S. Stefano (Central Italy)," Ecological Modelling, Elsevier, vol. 360(C), pages 290-299.
    15. Jaklič, Tina & Juvančič, Luka & Kavčič, Stane & Debeljak, Marko, 2014. "Complementarity of socio-economic and emergy evaluation of agricultural production systems: The case of Slovenian dairy sector," Ecological Economics, Elsevier, vol. 107(C), pages 469-481.
    16. Buonocore, Elvira & Donnarumma, Luigia & Appolloni, Luca & Miccio, Antonino & Russo, Giovanni F. & Franzese, Pier Paolo, 2020. "Marine natural capital and ecosystem services: An environmental accounting model," Ecological Modelling, Elsevier, vol. 424(C).
    17. Mellino, Salvatore & Ripa, Maddalena & Zucaro, Amalia & Ulgiati, Sergio, 2014. "An emergy–GIS approach to the evaluation of renewable resource flows: A case study of Campania Region, Italy," Ecological Modelling, Elsevier, vol. 271(C), pages 103-112.
    18. Antonio Tencati & Laszlo Zsolnai, 2012. "Collaborative Enterprise and Sustainability: The Case of Slow Food," Journal of Business Ethics, Springer, vol. 110(3), pages 345-354, October.
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