Economic valuation of nature is not new. In fact, it has been a companion of capital accumulation for centuries. Yet, despite the long history of valuing select portions of nature economically, there seems to be a new quality to current approaches. Jutta Kill’s paper „Economic Valuation and Payment for Environmental Services: Recognizing Nature’s Value or Pricing Nature’s Destruction?“ explores where the recent initiatives aimed at ‚ending the economic invisibility of nature‘ differ from previous approaches to economic valuation of nature.
We have invited a number of scientists, academics and environmentalists to provide different views and starting points for the discussion. Their reviews of the paper will successively be uploaded here to fuel the debate. Here is Herman Daly’s comment to start with.
We hope that you will actively participate and contribute to a lively debate on this highly controversial issue. You can post your comment from this day forward until December 11, 2015. After that the author, Jutta Kill, will respond to the comments uploaded and posted. All inputs will feed into our ongoing discussions and work plans for 2016 and beyond.