How much is a natural resource worth? Can monetary value be placed on an ecosystem and its abiotic and biotic factors and communities?
This new approach to conservation, Ecosystems Services Valuation, is based in economics; if, for example, a forest provides natural filtering processes for a nearby body of water, purifying the water through nitrogen cycling, then its worth, according to Ecosystems Services Evaluation, is equal to the cost of constructing and maintaining a water treatment plant on that same space.
In continuing efforts to accomplish major sustainability and greenhouse gas emission goals, the federal government has begun efforts to use Ecosystems Services Valuation as a way to conserve and protect natural resources, while ensuring that these aims remain financially viable and profitable. On December 1, at the GOVgreen Conference in Washington, DC, an educational session will be held on the role of the federal government in applying Ecosystems Services Valuation. This session, “Ecosystem Services Valuation: Measuring and Preserving the Value of Natural Resources Benefits,” will provide insights into how DoD is thinking about ecosystem services. Exploring why ecosystem services why matter to the DoD mission, this session will highlight alternative resource valuation schemes, as well as identify the unique role of ecosystem services in major DoD partnering initiatives, such as Encroachment Partnering and Conservation Buffers.
Speakers at this cutting-edge session include leaders from both the non-profit and military sectors, including Rebecca Rubin, the CEO and President of Marstel-Day, and Ryan Orndorff, Natural Resources Specialist at the US Marine Corps HQ. With such a diverse group of speakers, this session is sure to enlighten economists and conservationists alike. To view the entire list of speakers and learn how to register for GOVgreen, please click here.