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Valuing Ecosystem Services

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06/30/2010

You've probably heard the expression, "Money doesn't grow on trees." It's the brother phrase to "There's no such thing as a free lunch." In today's world when nature is increasingly being pushed to the sidelines as economic growth requires more room to recline, such an idea is actually more provocative that one may immediately realize. How does one value nature, or rather, put a value on it? Is it a good idea to put a monetary price tag on the parts of life that are indeed priceless? And how can we take into account (literally) the invaluable services that mother nature freely provides? In this video, Ken Bagstad brings viewers into the world of Ecosystem Services and discusses the tools being used to value them in today's economic context.

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