Question

(1) Mention the various ecosystem services provided to us. (2) Should these services be priced? If yes, why?

Answer 1

(1) Ecosystem services provided to us are as follows:

1] Provisioning services such as the production of food and water.

2] Regulating services such as control of climate and diseases.

3] Supporting services such as nutrient cycles and crop pollination.

4] Cultural services such as spiritual and recreational benefits.

(2) Yes. These services should be priced because by putting real economic value on components of nature will help to protect the environment and promote biodiversity.