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
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

What are objectives of fiscal policy


Rules concerning disclosure of information and accounting change behaviour but only be drawing attention to certain facts. In the area of environment, Health, epidemics, and other

The coordination problem relates us to not only the levels of activities like research and developments (R&D) and investments but also to the behaviour of institutions that charact

examples of inductive method in economics

One of these is deregulator or privatization of public enterprises or utilities. Deregulation is a world wide phenomenon. But experience of power failure in California and Mumbai r


The purpose of this assignment is to provide you an opportunity to enhance your skills related to use of APA format to cite references and selection of research articles most relev

The monetarist and fiscal controversy is still on. The recent history of the U.S. looks like a success story of the monetarists; but besides pure luck, it involved strong element o