Question

1) whether ecosystem services should be monetized or not
2) what's the concept of 'triple bottom line' in relation to sustainability?
3) whether water should be privatized or not?
4) whether marine discourse can be sustainably managed?

Answer 1

ANSWER-1) Ecosystem functions are the processes that control fluxes of nutrients, energy, and organs matter throughout the environment. The four categories of ecosystem services are provisioning, supporting, regulating, and cultural. The appreciation of value of nature is important for economics, and has measurable tangible financial values, thus can result to get the attention of people who have at best hitherto regarded nature a supplier of resources, or worse still an economically expensive distraction that moves in the approach of economic 'growth'. However in my opinion ecosystem services should be monetized because when these services are not captured in commercial markets, and are provided little weight in policy making, no monetary value thus nature's value is neglected