Essays on Green Accounting
Advances in Ecological Economics series
Chapter 15: Pricing the invaluable: services of the world’s ecosystems
As a member of the Editorial Board of Ecological Economics, I was invited to comment on an ambitious article published in the journal Nature (volume 387, May 15, 1997, pp. 253–260), which put a monetary value on the services of ecosystems, estimating these services at an annual value amounting to nearly twice the conventionally recorded global GNP. The lead author of the article was Robert Costanza. This comment appeared in Ecological Economics, 1998, volume 25, number 1, pp. 25–27.
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