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The ethical foundations of cultural diversity in ecosystems and their role in economic valuation

In: Values, Payments and Institutions for Ecosystem Management

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  • Ian Parker

Abstract

Using a selection of authoritative and original contributions, this timely book explores the uncertainty surrounding the impact of decisions undertaken to manage ecosystem services worldwide. Invariably, the policies designed and implemented to manage forests, wetlands, and marine and coastal environments often involve conflicts of interest between various stakeholders. This has added an additional layer of complexity in the context of developing countries where institutions and governance are weak or absent. Economic valuation and the subsequent design of innovative response tools such as payment for ecosystem services (PES) have the potential to offer far greater transparency. In the case of LDCs, the identification of suitable institutions for executing these tools is also of vital importance.

Suggested Citation

  • Ian Parker, 2013. "The ethical foundations of cultural diversity in ecosystems and their role in economic valuation," Chapters, in: Pushpam Kumar & Ibrahim Thiaw (ed.), Values, Payments and Institutions for Ecosystem Management, chapter 12, pages 259-278, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:15127_12
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