Encyclopedia of Law and Economics

2019 Edition
| Editors: Alain Marciano, Giovanni Battista Ramello

Ecosystem Services

  • Sébastien RousselEmail author
Reference work entry
DOI: https://doi.org/10.1007/978-1-4614-7753-2_711

Definition

Ecosystem services are services provided by the ecosystems and contributing to human well-being. These services play a crucial role in signaling the reliance of societies with regards to ecological systems and functions, as well as biodiversity. Disservices stand for the opposite of ecosystem services.

Introduction

Ecosystem services correspond to a modern way to figure out the role of the environment for human society, in particular in economics through the valuation of ecosystem goods and services (Gómez-Baggethun et al. 2010; Braat 2016). These services have been promoted by increasing and complementary contributions both by policymakers and academic researchers towards their agenda to promote sustainable development, especially regarding the environmental issues at stake.

Over the past decades, landmark international initiatives to assess their social value range from the Millenium Ecosystem Assessment (MEA) (2005) and The Economics of Ecosystems and Biodiversity (TEEB)...

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Authors and Affiliations

  1. 1.Department of EconomicsCEE-M, Université Montpellier, CNRS, INRA, SupAgro, Université Paul Valéry Montpellier 3MontpellierFrance