What is the definition of "nature's services"?
Q: What is the definition of "nature's services"?
A: Nature's services refer to the ways in which nature benefits humans, particularly those benefits that can be measured in economic terms.
Q: Who analyzed nature's services to humanity in the 1990s?
A: Robert Costanza and other theorists of natural capital analyzed nature's services to humanity in the 1990s.
Q: What did they calculate to be the economic contribution of the seventeen analyzed services?
A: They calculated the economic contribution of the seventeen analyzed services to be about US$33 trillion per year, which is greater than the activities of the whole human economy, which was about US$25 trillion.
Q: What was the comparison made by the theorists of natural capital while calculating the economic benefits of nature's services?
A: The theorists of natural capital compared the estimated costs of replacing the services nature provides with equivalent services that are produced by humans while calculating the economic benefits of nature's services.
Q: What does the calculation of the economic benefits of nature's services make clear?
A: The calculation of the economic benefits of nature's services makes clear that mankind cannot develop without nature's services.
Q: What is the theory of natural capital centered around?
A: The theory of natural capital is centered around the economic benefits of nature's services.
Q: Did the study on the economic benefits of nature's services have a significant influence on government policy, WTO, IMF or G8 economic and trade policy?
A: No, the study on the economic benefits of nature's services had no great influence on government policy or on WTO, IMF, or G8 economic and trade policy.
