The services of ecological systems and the natural capital stocks that produce them are critical to the functioning of the Earth’s life-support system. They contribute to human welfare, both directly and indirectly, and therefore represent part of the total economic value of the planet. This study estimated the economic value of 17 ecosystem services for 16 biomes, based on published studies and a few original calculations. For the entire biosphere, the value is estimated to be in the range of US$16-54 trillion per year. Most of that value is not bought or sold in the market.

Author(s): Costanza, R., R. d'Arge, R. de Groot, S. Farber, M. Grasso, B. Hannon, K. Limburg, S. Naeem, R.V. O'Neill, J. Paruelo, and others

Date: 1997

Link: https://www.nature.com/articles/387253a0

Overview:
Scientific Literature

Additional Topics:
Ecosystem services

Geographic Areas:
Global

Marine Life:
Other