Valuation of ecosystem services through offsets: Why are coastal ecosystems more valuable in Australia than in Brazil?

Caroline Fassina, Diane Jarvis, Silvia Tavares and Anthea Coggan

Ecosystem Services, 2022, vol. 56, issue C

Abstract: Economies depend on ecosystem services, but only recently have ecosystem service values been incorporated into economic and political decision-making. Increasingly, offsets have become a common valuation tool for incorporating the value of nature into economics. To offset means to compensate ecosystem losses in one place by creating equivalent gains elsewhere: this is the pragmatic ‘no net loss’ of biodiversity approach. Offsets are currently attracting particular attention in Santos, Brazil, where the largest Global South harbor is located. Port stakeholders are pressuring for revision of the local offset policy to enable an expansion of their activities and related immitigable impacts.

Keywords: Commodification of nature; Ecosystem valuation; Indicators; Offset; Policy scheme (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecoser:v:56:y:2022:i:c:s2212041622000456

DOI: 10.1016/j.ecoser.2022.101449

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