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Flashcards covering the key concepts from the lecture on ecosystem services, their categories, and the economic valuation of wetland ecosystems.
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Ecosystem Services
Financial services provided by ecosystems that benefit humans, either by helping us make money or save money.
Provisioning Services
Ecosystem services that provide direct resources for harvest and sale or personal use, such as fish, wood, and other raw materials.
Regulating Services
Services that regulate environmental conditions, like climate and temperature, benefiting humans by reducing costs associated with environmental damage (e.g., carbon sequestration, storm protection).
Supporting Services
Services that support financially valuable human activities, such as pollination or water filtration, reducing costs for services like water purification.
Cultural Ecosystem Services
Services that provide economic value through recreation, tourism, and aesthetic appreciation of ecosystems.
Devaluing Ecosystem Services
The degradation of ecosystems through human activities like deforestation, pollution, and development, leading to a decrease in the value of ecosystem services.
Estimated Value of World's Wetland Ecosystems
Approximately $14,000,000,000,000 per year, according to a 1997 study in the journal Nature.