Question

Class is Environment Economics

What is quantification and how does quantification of the environment happen?

Answer 1

Quantification of environment is a tool for the identification of how much a certain ecosystem service is harmed or if it is capable anymore of providing the services to people. The present as well as past evolution on the ecosystem services consumption imposed is required to identify quantitative indicators and evaluation approaches to highlight the importance of ecosystem services for human well-being. The indicators which are usually used are area that was damaged by floods, green area per person, and quantity of discharged waste waters into the river. The economic and social valuation allowed for the identification on what harm is made to society and to stakeholders in general. Thus assist to find solutions for a better management in the future