How much are ecosystem services worth per year worldwide?

The working group found that, every year, the world’s diverse ecosystems combined produce an average of $33 trillion USD worth of ecosystem services.

How much are ecosystem services worth?

In 1997 Robert Costanza, Distinguished University Professor of sustainability at Portland State University, Oregon, and colleagues first estimated that ecosystem services worldwide are worth an average $33 trillion annually ($44 trillion in today’s dollars), nearly twice the global GNP of around $18 trillion ($24 …

What is the estimated value of the world’s ecosystem services?

Ecosystem services provide an important portion of the total contribution to human welfare on this planet. The estimated annual value of ecosystem services is US$16–54 trillion, with an estimated average of US$33 trillion.

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How much of the world’s GDP is comprised of ecosystem goods and services in a year?

A year later, a study published in the journal of Global Environmental Change revealed that the total value of the World’s ecosystem services amounted to twice as much as global aggregate GDP – as much as $124.8 trillion per year.

How much would it cost US per year to do all of the things ecosystems do for US?

For the entire biosphere, the value (most of which is outside the market) is estimated to be in the range of US$16-54 trillion (1012) per year, with an average of US$33 trillion per year.

How much is a elephant worth?

In their report, iworry estimated the raw-ivory value of a poached elephant to be $21,000. In contrast, a living elephant is worth more than $1.6 million over its lifetime, largely because of its eco-tourism draw.

How much is an elephant worth guardian?

Animals, too. The services of forest elephants are worth $1.75m for each animal, the International Monetary Fund’s Ralph Chamihas estimated; more than the $40,000 a poacher might get for shooting the mammal for ivory.

What is the estimated annual value of ecosystem services quizlet?

The total annual value estimated by Costanza et al. that can be attributed to ecosystem services is US$23 trillion.

What is the estimated annual value of global ecosystem services in the Costanza et al 1997?

In 1997, the value of global ecosystem services was estimated to be around US$ 33 trillion per year (in 1995 $US), a figure significantly larger than global gross domestic product (GDP) at the time.

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What is an ecosystem service example?

Examples of ecosystem services include products such as food and water, regulation of floods, soil erosion and disease outbreaks, and non-material benefits such as recreational and spiritual benefits in natural areas.

Which ecosystem has the highest economic value?

Coral reefs are one of Earth’s most productive ecosystems — both in terms of biology and cold, hard cash. Healthy coral reef ecosystems do everything from supporting millions of jobs to protecting lives and valuable coastal infrastructure, like hotels and roads, from storms and waves.

Which ecosystem provides the highest ecosystem services value?

Overall, six ecosystem types (coastal zone wetlands, palustrine wetlands, lacustrine wetlands, riverine wetlands, rainforests and sclerophyll forests) were shown to be the most important providers of all ecosystem services.

How much money in dollar terms is being lost as we destroy ecosystems?

But by the middle of the century, the loss of key “ecosystem services” could cost the world $479 billion each year. The U.S. will lose more than any other country, with an $83 billion loss to the GDP per year by 2050.

What is nature’s worth?

The WWF’s Living Planet Index 2018 observes that nature underpins all economic activity, presently worth an estimated US$125 trillion.

What is the economic value of the environment?

The economic benefit provided by an environmental good or service is the sum of what all members of society would be willing to pay for it. For resources traded in markets such as oil, land, timber, and crops, the value of small quantities of market goods can be measured by their observed price.

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How much is biodiversity worth?

Biodiversity creates significant economic value in the form of such ecosystem services as food provisioning, carbon storage, and water and air filtration, which are worth more than $150 trillion annually—about twice the world’s GDP—according to academic research and BCG analysis.