Fanning, AL (2016) Contrasting values in the sustainability debate: limitations of economic valuations and their role in decision-making. International Journal of Sustainable Development, 19 (2). pp. 185-200. ISSN 0960-1406
Abstract
This paper explores some of the more controversial conceptual issues surrounding ecosystem valuations in monetary terms along with their role in the greater decision-making process. I argue that there is an urgent need to be explicit about the underlying ideologies and social goals being pursued by any given policy/action. The degree to which a given policy makes trade-offs between achieving each goal should also be transparent. In the context of the sustainability debate, economic valuations of ecosystems can provide missing information necessary for achieving the goal of consumptive efficiency, but they must be accompanied by a similar 'conversion' of how much economic activity contributes to the goal of ecological sustainability.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © Inderscience 2016. This is an author produced version of a paper published in International Journal of Sustainable Development. Uploaded in accordance with the publisher's self-archiving policy. |
Keywords: | values; sustainability debate; economic valuation; utilitarianism; decision making; ecosystem services; monetary valuation; ideologies; social goals; consumptive efficiency; ecological sustainability; just distribution; sustainable development. |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Environment (Leeds) > School of Earth and Environment (Leeds) > Sustainability Research Institute (SRI) (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 14 Dec 2017 10:16 |
Last Modified: | 16 Dec 2017 00:41 |
Status: | Published |
Publisher: | Inderscience |
Identification Number: | 10.1504/IJSD.2016.077205 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:125195 |