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SUMMARY:Selling nature or saving nature?  Theoretical issues and operation
 al challenges for the green economy - Dr. Erik Gómez-Baggethun\, Norwegia
 n Institute for Nature Research
DTSTART:20150304T160000Z
DTEND:20150304T170000Z
UID:TALK58130@talks.cam.ac.uk
CONTACT:Clare Eaves
DESCRIPTION:After four decades of international environmental governance\,
  loss of biodiversity and ecosystem services remains unabated. In the sear
 ch for pragmatic responses to global ecological decline\, environmental po
 licy and governance increasingly rely on economic valuation and market inc
 entives to promote sustainable use of ecosystem services. The market appro
 ach is implemented through two main mechanisms: Market for Ecosystem Servi
 ces and Payments for Ecosystem Services. The «polluter pays principle» u
 nderpinning the former is complemented with the «steward gets principle»
  underlying the latter. Despite some countries have experimented with vari
 ants of these mechanisms for at least fifty years\, the notion that public
  ecosystem goods and services can be monetized and exchanged in markets is
  a relatively recent phenomenon both in economic theory and environmental 
 policy\, and its implementation is not escaping controversy. In this lectu
 re I review the development in the theory and practice of ecosystem servic
 es and examine critical landmarks with regard to their incorporation into 
 markets and payment schemes. Ecosystem services are examined in the light 
 of these theoretical developments and in relation to policy efforts to mak
 e progress towards a green economy. The lecture discusses the scope and li
 mits of economic valuation and market-based instruments in environmental g
 overnance and concludes by identifying major theoretical issues and operat
 ional challenges for the economics of ecosystem services and biodiversity\
 , highlighting the potential for transformation as well as the limitations
  associated to the economic approach to biodiversity conservation.\n\n\nBi
 ography:\n\nErik Gómez-Baggethun (PhD) is a Research Professor at the Nor
 wegian Institute for Nature Research and a Senior Visiting Research Associ
 ate at the Environmental Change Institute\, University of Oxford. His rese
 arch focuses on integrated assessment and valuation of ecosystem services\
 , field in which he has produced over fifty scientific publications. He se
 rves as vice president of the European Society for Ecological Economics an
 d in the editorial boards of several international scientific journals. Er
 ik was lead author of the report ‘The economics of Ecosystems and Biodiv
 ersity’ (TEEB)\, chapter coordinator for the Convention on Biological Di
 versity’s report ‘Cities and biodiversity Outlook’ (CBO1)\, and serv
 es in the task force on value and valuation for the Intergovernmental Plat
 form on Biodiversity & Ecosystem Services (IPBES). He currently leads work
  packages in the projects Urban Biodiversity and Ecosystem Services (URBES
 ) and Operationalizing Natural Capital and Ecosystem Services (OpenNESS) a
 nd coordinates two national projects on ecosystem services mapping\, accou
 nting and valuation.
LOCATION:Mill Lane Lecture Room 1
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