UCL Discovery
UCL home » Library Services » Electronic resources » UCL Discovery

The value of the world's ecosystem services and natural capital

Costanza, R; dArge, R; deGroot, R; Farber, S; Grasso, M; Hannon, B; Limburg, K; ... vandenBelt, M; + view all (1997) The value of the world's ecosystem services and natural capital. Nature , 387 (6630) pp. 253-260. 10.1038/387253a0. Green open access

[thumbnail of Costanza_et al. Nature 1997 prepublicaton.pdf]
Preview
Text
Costanza_et al. Nature 1997 prepublicaton.pdf - Other

Download (504kB) | Preview

Abstract

The services of ecological systems and the natural capital stocks that produce them are critical to the functioning of the Earth's life-support system. They contribute to human welfare, both directly and indirectly, and therefore represent part of the total economic value of the planet. We have estimated the current economic value of 17 ecosystem services for 18 biomes, based on published studies and a few original calculations. For the entire biosphere, the value (most of which in outside the market) in estimated to be in the range of US$16-54 trillion (1012) per year, with in average of US$33 trillion per year. Because of the nature of the uncertainties, thin must be considered a minimum estimate. Global gross national product total is around US$18 trillion per year.

Type: Article
Title: The value of the world's ecosystem services and natural capital
Open access status: An open access version is available from UCL Discovery
DOI: 10.1038/387253a0
Publisher version: http://dx.doi.org/10.1038/387253a0
Language: English
Additional information: This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions.
Keywords: Science & Technology, Multidisciplinary Sciences, Science & Technology - Other Topics, ENVIRONMENTAL FUNCTIONS, VALUATION, MANAGEMENT, ECONOMICS, FISHERIES
UCL classification: UCL
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > UCL Institute for Global Prosperity
URI: https://discovery.ucl.ac.uk/id/eprint/10189378
Downloads since deposit
252Downloads
Download activity - last month
Download activity - last 12 months
Downloads by country - last 12 months

Archive Staff Only

View Item View Item