EEB215H1 Chapter Notes - Chapter 3: System Dynamics, Openaccess, Resource Depletion
8 May 2019
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Document Summary
Health of, and threats to, their ecosystems. Vulnerability of human population to adverse environmental conditions. Ability of their society to protect the environment. Participation in global environmental protection efforts: developing countries with low gdp / person also have low epi scores, higher-income countries tend to have much higher epi scores. Eeb215: include benefits of ecosystem services (e. g. water quality) Option value: value of biodiversity in providing possible future benefits for human society (e. g. new medicines) Productive use value: assigned to resources harvested from wild & sold in national/international markets. Eeb215: in standard economics valued at price paid at first point of sale minus costs incurred up to that point, other methods value the resource at the final retail price of the products. Sometimes erroneously called minor forest products not minor at all: the natural pharmacy, many drugs and pharmaceutical products depend on natural products, many discovered in nature, now produced synthetically (synthetic derivatives)
