Valuing and conserving ecosystem services: a scoping case study in the Danube Basin
Ecosystems provide a wide range of services that are essential for human well being. However, the economic benefits of these services are not widely recognised or captured in markets, which is resulting in ecosystem degradation and the loss of natural capital. Recent initiatives such as the study on The Economics of Ecosystems and Biodiversity (TEEB) have therefore highlighted the importance of better understanding the economic value of ecosystem services and developing instruments to capture and reward these values, thereby encouraging the wiser and sustainable use of our ecosystems.
This study therefore aims to provide a scoping assessment of how to put the key recommendations of the TEEB initiative into practice, through a case study of ecosystem services in the Danube River Basin (DRB).