THE MANAGERIAL DIMENSION OF NATURE CONSERVATION BY ECONOMIC APPROACHES

Ildiko Ioan (), Mariana Iovitu () and Carmen Valentina Radulescu ()
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Ildiko Ioan: Bucharest University of Economic Studies, Romania
Mariana Iovitu: Bucharest University of Economic Studies, Romania
Carmen Valentina Radulescu: Bucharest University of Economic Studies, Romania

The USV Annals of Economics and Public Administration, 2016, vol. 16, issue 2(24), 7-12

Abstract: Ecosystems are assaulted by human activities in a variety of ways resulting in perturbations that impact on their stability, including their ability of contributing to human wellbeing. Halting biodiversity loss is one of the most challenging environmental issues that entered a novel stage by a major paradigm shift brought through the ecosystem approach. This approaches core concept is the one of ecosystem economy. Enabling the ecosystem service economy is a major goal of current policy for biodiversity preservation. This action necessitates a profound integration of ecological and economic knowledge, such as the development of a common concept that allow the needs of conservation to be reflected in economic processes. The ecosystem service concept grounded the design of economic tools for preserving biodiversity by using the anthropocentric model of nature for humans. According to this the existence of ecosystems brings benefits for humans such as carbon sequestration, watershed protection, biomass production, nutrient cycling and others. For these, beneficiaries should be accountable by payments using various schemes. By examining the estimates for the global value of ecosystem services and the financial flows of major programs that are using these schemes it was established the potential and prospects of the ecosystem service economy.

Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:scm:usvaep:v:16:y:2016:i:2(24):p:7-12

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