A group led by Dr. Robert Costanza has calculated the value of the world’s ecosystems…the group’s most recent estimate puts the yearly value at $142.7 trillion.
“I think this is a very important piece of science,” said Douglas J. McCauley of the University of California, Santa Barbara. That’s particularly high praise coming from Dr. McCauley, who has been a scathing critic of Dr. Costanza’s attempt to put price tags on ecosystem services.
“This paper reads to me like an annual financial report for Planet Earth,” Dr. McCauley said. “We learn whether the dollar value of Earth’s major assets have gone up or down.”
The group last calculated this value back in 1997 and it rose sharply over the past 17 years, even as those natural habitats are disappearing. Dr. Costanza and his colleagues estimate that the world’s reefs shrank from 240,000 square miles in 1997 to 108,000 in 2011.
Read Full Article at the NYTimes