New Project - Ecosystem Service: Valuing Nature in the Green Economy
Dr Hayley Stevenson, Senior Lecturer in the Department of Politics and Co-Investigator of the project.
The idea of valuing nature in monetary terms has become a core element of international ‘green economy’ agendas of national governments and international institutions like the World Bank and the UN. This has been enabled by the widespread acceptance of the ‘ecosystem services’ concept, which tries to capture the value of the environment in monetary terms. ‘Ecosystem service’ are generally categorised as provisioning services (e.g., food, water, timber, fiber); regulating services (affecting climate, waste, water quality, etc.); cultural services (the recreational, aesthetic, and spiritual benefits derived from nature); and supporting services (e.g., soil formation, photosynthesis, and nutrient cycling). The focus of this research project will be on the translation of this concept into different policies that allocate a monetary value to nature. As this concept becomes increasingly embedded in development planning and economic policy-making, it is imperative to understand the opportunities it creates for environmental conservation and social development, and its inherent tensions and limitations.
The project brings together political scientists from the UK, Canada, and Australia to develop this understanding. The potential for the ‘ecosystem services’ concept to enable transitions to more inclusive and sustainable economies will be assessed through original research on international institutions and four country-level case studies: the UK, Canada, India, and Indonesia. The project will also yield theoretical insights into the relationship between conceptual innovation and institutional change. This project would advance understanding of how new concepts like ecosystem services can lead to lead to new ways of acting and responding to global problems.
Funding body and scheme: Riksbankens Jubileumsfond (Sweden) as part of the Europe and Global Challenges funding scheme.
Funds: €800,000 (about £590,000), for three years: 2016-2019
- United Kingdom
For more information please contact Dr Stevenson by email on: email@example.com