The continued conversion and development of forest land pose a serious threat to the ecosystem services derived from forested landscapes. There are unavoidable challenges involved in quantifying the threats from forest conversion and their related costs to human well-being: (1) most attempts to quantify the costs of forest conversion on ecosystem services will necessarily rely on specific ecological science that is often emerging, changing, or simply nonexistent; (2) given the interconnected nature of ecosystem products and processes, any attempt to quantify the effects of forest conversion must grapple with jointness in production; (3) the ecology and the human dimensions of ecosystems are highly specific to spatial-temporal circumstances.

Human well-being relies critically on ecosystem services provided by nature. Examples include water and air quality regulation, nutrient cycling and decomposition, plant pollination and flood control, all of which are dependent on biodiversity. They are predominantly public goods with limited or no markets and do not command any price in the conventional economic system, so their loss is often not detected and continues unaddressed and unabated. This in turn not only impacts human well-being, but also seriously undermines the sustainability of the economic system. It is against this background that TEEB: The Economics of Ecosystems and Biodiversity project was set up in 2007 and led by the United Nations Environment Programme to provide a comprehensive global assessment of economic aspects of these issues. This book, written by a team of international experts, represents the scientific state of the art, providing a comprehensive assessment of the fundamental ecological and economic principles of measuring and valuing ecosystem services and biodiversity, and showing how these can be mainstreamed into public policies. This volume and subsequent TEEB outputs will provide the authoritative knowledge and guidance to drive forward the biodiversity conservation agenda for the next decade.

This thought provoking book draws together prominent international authorities to discuss the key methodological issues and challenges in valuing ecosystem services. Covering a cross-section of ecosystems and services in different sites, countries and

The Economics of Ecosystems and Biodiversity (TEEB) study is a major international initiative drawing attention to local, national and global economic benefits of biodiversity, to highlight the growing costs of biodiversity loss and ecosystem degradation, the benefits of investing in natural capital, and to draw together expertise from the fields of science, economics and policy to enable practical actions. Drawing on a team of more than one hundred authors and reviewers, this book demonstrates the value of ecosystems and biodiversity to the economy, society and individuals. It underlines the urgency of strategic policy making and action at national and international levels, and presents a rich evidence base of policies and instruments in use around the world and a wide range of innovative solutions. It highlights the need for new public policy to reflect the appreciation that public goods and social benefits are often overlooked and that we need a transition to decision making which integrates the many values of nature across policy sectors. It explores the range of instruments to reward those offering ecosystem service benefits, such as water provision and climate regulation. It looks at fiscal and regulatory instruments to reduce the incentives of those running down our natural capital, and at reforming subsidies such that they respond to current and future priorities. The authors also consider two major areas of investment in natural capital - protected areas and investment in restoration. Overall the book underlines the needs and ways to transform our approach to natural capital, and demonstrates how we can practically take into account the value of ecosystems and biodiversity in policy decisions - at national and international levels - to promote the protection of our environment and contribute to a sustainable economy and to the wellbeing of societies.

"Ecosystem Services and Management Strategy in China" is a two-year international cooperation project that culminated from the China Council for International Cooperation on Environment and Development’s Task Force on Ecosystem Services and Management. It combines case studies, scenario analysis, and stakeholder consultations that focus on Chinese forest, grassland and wetland ecosystems and assesses the economic and social benefits of sustainable ecosystems management. It also identifies better practices in ecosystem management from Chinese and international experience and recommends a more intensive integration of ecosystem services into decision-making processes. In November 2010, the Task Force presented five strategic policy proposals for the implementation of sustainable management for Chinese ecosystems. These proposals were extremely well-received by senior decision makers and have since been adopted by national government agencies. The book represents a valuable reference work for researchers and professionals working in related areas. Professor Yiyu Chen worked as president at the National Natural Science Foundation of China from 2004 to early 2013 and is Member of the Chinese Academy of Sciences. Professor Beate Jessel works as president at the Federal Agency for Nature Conservation, Germany. Professor Bojie Fu works at the Research Center of Eco-Environment Sciences, CAS and is Member of the Chinese Academy of Sciences. Professor Xiubo Yu works at the Institute of Geographic Sciences and Natural Resources Research, Chinese Academy of Sciences. Dr.Jamie Pittock is a Senior Lecturer at the Fenner School of Environment and Society, Australian National University, Australia.

Presents new evidence from more than twenty countries on the role of ecosystems in supporting the livelihoods of the poor.