What is the significance of ecosystem services in economic planning? 🔊
The significance of ecosystem services in economic planning lies in their provision of invaluable resources and benefits that support human life. These services, such as pollination, water purification, and climate regulation, are essential for agriculture, industry, and overall economic stability. Integrating ecosystem services into economic frameworks encourages sustainable practices and helps mitigate the costs associated with environmental degradation. By recognizing the monetary value of these natural benefits, policymakers & businesses can foster strategies that align economic growth with environmental conservation.
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