1945

ESs contribute to human well-being – as long as the ecosystems that provide them are properly managed and conserved to sustain their supply. Policy- and decision-making processes for ecosystem management need to be properly supported by technical and scientific information derived from ecosystem assessments. Economic valuation, as part of ecosystem assessment, helps translate qualitative and quantitative information on ESs into monetary values. Valuation methods that assign monetary values to ESs have limitations; nevertheless, there is increasing recognition of the importance of economically valuing ESs.

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