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What is the economic value of regulating, supporting and cultural ecosystem services?

Kim O'Hern

Well, dear child, regulating, supporting, and cultural ecosystem services all have a very important economic value. Let me explain what these terms mean.

Regulating ecosystem services refer to the way nature helps regulate the environment. For example, plants help purify the air we breathe, while forests help reduce the amount of greenhouse gases in the atmosphere. By regulating the environment, nature helps save us money and resources on things like air-cleaning machines or carbon credits.

Supporting ecosystem services are all the ways nature helps us get the resources we need for our daily lives. Trees help provide us with timber for building houses, while bees help pollinate the flowers we need for food. All of these services provided by nature are valuable to us economically, as they help us save costs on buying or producing these resources artificially.

Lastly, cultural ecosystem services refer to the non-material benefits we get from nature. Nature provides us with beauty, inspiration, and cultural heritage, which helps us maintain our quality of life. These benefits are not easily monetized, but they are still valuable to us in terms of the joy and meaning they bring to our lives.

So you see, regulating, supporting, and cultural ecosystem services all have a lot of value to our economy and our lives. By protecting and nurturing nature, we can ensure that these services will continue to be available to us in the future. We need to learn to appreciate the natural world around us and recognize the ways it enriches our lives, so we can continue to reap the economic value of these vital ecosystem services.