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Nature and the Marketplace: Capturing The Value Of Ecosystem Services Paperback – October 1, 2000

ISBN-13: 978-1559637961 ISBN-10: 155963796X Edition: First Printing

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Nature and the Marketplace: Capturing The Value Of Ecosystem Services + Nature's Services: Societal Dependence On Natural Ecosystems
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Product Details

  • Paperback: 224 pages
  • Publisher: Island Press; First Printing edition (October 1, 2000)
  • Language: English
  • ISBN-10: 155963796X
  • ISBN-13: 978-1559637961
  • Product Dimensions: 6 x 0.7 x 9 inches
  • Shipping Weight: 5.6 ounces (View shipping rates and policies)
  • Average Customer Review: 4.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Best Sellers Rank: #549,804 in Books (See Top 100 in Books)

Editorial Reviews

About the Author

Geoffrey Heal is the Paul Garrett Professor of Public Policy and Corporate Responsibility at the Columbia University Graduate School of Business in New York, and co-author of Economic Theory and Exhaustible Resources (Cambridge, 1980).

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1 of 1 people found the following review helpful By W Boudville HALL OF FAMETOP 1000 REVIEWERVINE VOICE on June 27, 2006
Format: Paperback
Heal explains how one might put a value on an ecosystem, or parts thereof. It's a relatively recent approach that attempts to avoid a tragedy of the commons with respect to the environment, be it local or even global.

A very useful idea described is the trading of pollution permits. The latter are rights to pollute. The premise is that instead of a government trying to mandate a minimum pollution level, it lets a free market determine this, by giving monetary value to permits. So that a company has incentive to develop or use innovative ways to minimise its pollution. Hence being able to sell any net gains to others. This also avoids the government trying to set a value on a permit.

The book suggests that carbon permits might be crucial in battling global warming.
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