impact of environmental functions , Public Economics

Impact of Environmental Functions

It is worth mentioning that the impact of certain environmental functions is local in nature while others can percolate to national and international levels in geographical terms and even to future generation over time. For example, moisture regulation due to a watershed is local in nature. But the benefits of carbon sequestration cross local boundaries as it reduces global warming. Thus forest areas in a country is valuable not only for the country itself but for other countries also. Similarly the benefits of forests as a habitat for genetic resources could be of immense value for future, much beyond the comprehension of current generation. Thus the question of stakeholders to environment comes up here.

Usually it is the local government which pays for the maintenance of forests while its bene1it is shared, although to a limited extent, at the national and international levels. Should not the international organizations pay for the maintenance of forest areas in developing countries? This partly explains (apart from humanitarian reasons) the interest afforestation programmes generates globally and grants/soft-term-loans the developing countries receive from developed countries and international organisations.

Environment is undervalued as we usually take into account those functions of the environment which enter into formal markets such as raw materials. This results in gross under-estimation of the value of environment. We should appreciate that the indirect use values, option values and non-use values, although intangible in nature, are also important Some of the empirical studies (for example, Adger et al. 1995; Furst et al. 2000) have found that indirect use values and non-use values constitute large portions of the total economic value of forests.

Posted Date: 12/18/2012 5:00:40 AM | Location : United States







Related Discussions:- impact of environmental functions , Assignment Help, Ask Question on impact of environmental functions , Get Answer, Expert's Help, impact of environmental functions Discussions

Write discussion on impact of environmental functions
Your posts are moderated
Related Questions
With a background from the previous section we now study some of the critical characteristics of policy process. You have already studied earlier various technical theories relatin

What are your thoughts on Putman’s “Bowling Alone,” the idea that there has been a decline in social capital in North America? Do you agree or disagree with the assertion? Support


Only limited progress has been made in modeling of dynamic process of institutional change, therefore, limiting the concerned policy options. It has been identified that innovatio

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

How does it work? how is its basic structure?

The require for illegal drugs is inelastic. Much of the expenditure on illegal drugs comes from crime. Suppose these statements to be correct, 1.    How will a successful campai


The major economies in the world are in a deep recession although there are some signs of growth. What implications has such a recession had for international business? How have go