CNREP 2013

CNREP 2013

The economic importance of natural capital is widely acknowledged, but determining the economic value of specific ecosystem goods and services is complicated by the fact that they are often public in nature and thus inaccurately valued in markets (or, in fact, not valued at all). Understanding both the market and non-market values of water resources, wetlands, fisheries and other ecosystem-based goods and services is critical to efficient policy development, but the current state of science is such that this understanding is limited. In addition, the way in which systems vary over geographic and temporal dimensions poses significant challenges to both valuing resources and developing the appropriate institutional and policy responses that are needed for effective resource management. CNREP 2013 will address these difficult issues while focusing on coastal resources and their role in the economic, social, and cultural systems of the world.