PHYSICS 102 Lecture Notes - Lecture 14: Openaccess, Social Capital, The Economics Of Ecosystems And Biodiversity

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Informal institutions = slowly adapting local values, traditions, norms and beliefs. Social and political processes of defining goals for the management of a social-ecological system, which is defined as the actions taken to achieve these goals. Law of requisite variety by elinor ostrom: we need as much variety of institutions (operating at different levels) as complexity exists in the governance system. Which instruments do we have to protect nature? (mostly) establishing protected areas. While the numbers of protected areas increased, the size of protected areas decreased, because there is less space available -> we are reaching a plateau. In europe most protected areas are similar and in the mountains, where there is low impact by humans anyway. The economics of ecosystems and biodiversity (teeb) demonstrates / makes nature s values visible to protect biodiversity. The program even captures nature"s worth and creates a market to make it profitable. http://www. teebweb. org/

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