In 1997, the University of Vermont's Robert Costanza and his co-authors put the answer at $33 trillion per year in a now-famous paper in the journal Nature. In the decade following, the science of "ecosystem services" has bloomed. This young discipline studies how nature--through climate regulation, soil formation, crop pollination, flood protection, and so on--supports human welfare, and estimates its value in economic terms.
Now, Costanza and his colleagues at UVM's Gund Institute for Ecological Economics have launched a project to solve a central problem that this young science faces: creating a fast way for policy-makers to understand the specific ecosystem services in their area--and the impacts of different land use decisions--whether looking at a local watershed or whole continent.
Over the next year, with an $813,000 grant from the Gordon and Betty Moore Foundation, Costanza and his team will create a set of computer models and tools that will give a sophisticated portrait of the ecosystem dynamics and value for any spot on earth.
"Land use planners, county commissioners, investment bankers, anyone who is interested," Cosntanza said, "will be able to go on the Web, use our new models, and be able to identify a territory and start getting answers."
For example, if a town council is trying decide the value of a wetland--compared to, say, building a shopping mall there--these models will help them put a dollar value on it. If a country wants to emulate Costa Rica's program of payments to landowners to maintain their land as a forest, they'll better be able to figure the ecosystem value of various land parcels to establish fair payments.
To build the new models, Costanza's team will gather experts on a range of ecosystems to two extended meetings in Burlington, one this fall and another
Source:University of Vermont