Get the CIFOR publications update

CIFOR publishes over 400 publications every year on forests and climate change, landscape restoration, rights, forest policy, agroforestry and much more in multiple languages.

Environmental liability: A missing use for ecosystem services valuation

Environmental liability: A missing use for ecosystem services valuation

The PNAS 100th Anniversary Special Feature on natural capital and ecosystem services highlights a range of opportunities and challenges to operationalize these concepts to strengthen environmental governance (1). However, the issue’s focus is largely on the role these concepts play in ex ante decision-making, and overlooks their role in informing courtroom liability suits for ex post environmental damages.
Liability provisions are based on the “polluter pays” principle, and hold responsible parties financially liable for environmental damages. This enables recoveries to restore or replace injured ecosystem services and to compensate for environmental harms. These costs rarely appear in company balance sheets (hence, neither in macroeconomic accounts), unless they are claimed through court cases or unless state regulations mandate the internalization of environmental damages. We believe this omission reflects an important gap in mainstream thinking about ecosystem services and natural capital accounting.

Authors: Phelps, J.; Jones, C.A.; Pendergrass, J.A.; Gómez-Baggethun, E.

Topic: valuation, ecosystem services, environmental management

Publication Year: 2015

ISSN: 1091-6490

Source: Proceedings of the National Academy of Sciences (PNAS) 112(39): E5379

DOI: 10.1073/pnas.1514893112

Altmetric score:

Download Option:

Export Citation

Related viewing

Top

CIFOR website usability survey

We're conducting research on our website and we'd love to hear from you about your experience on cifor.org. This will help us make improvements and prioritize new features. The survey should only take 5 minutes, and your responses are completely anonymous.

If you have any questions about the survey, please email us: cifor@cgiar.org

We really appreciate your input!

Start survey
I don’t want to participate
Remind me later