Economics of Ecosystem Restoration

Alisher Mirzabaev () and David Wuepper
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Alisher Mirzabaev: Unique land use GmbH, Freiburg im Breisgau, Germany
David Wuepper: Land Economics Group, University of Bonn, Bonn, Germany

Annual Review of Resource Economics, 2023, vol. 15, issue 1, 329-350

Abstract: Restoration of degraded ecosystems is essential for having a stable climate, reducing weather extremes and disease burden, producing enough food to feed growing populations, and generally keeping the world livable. However, we are currently rapidly degrading ecosystems worldwide, thus destroying the very basis of life. There is a major gap between what investments are needed to restore degraded ecosystems and prevent further degradation and what is actually being invested. In addition, most governments are still learning how to design and implement ecosystem restoration policies that are effective and efficient. Ecosystem restoration should be among our main scientific endeavors. This review fills a critical gap in the existing literature by providing a theory-informed understanding of the findings emerging from this highly policy-relevant strand of resource economics. The article also suggests key areas for future research.

Keywords: ecosystems; biodiversity; environmental policies; socioeconomic impacts (search for similar items in EconPapers)
JEL-codes: Q51 Q56 Q57 Q58 (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1146/annurev-resource-101422-085414

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