Research and Economic Development, Office of


Date of this Version



Published in Integrated Environmental Assessment and Management — Volume 11, Number 2—pp. 331–332


Copyright © 2015 SETAC. Used by permission.


The ecosystem services movement was a reaction against nature being taken for granted in decision making. Put a value on the services that we enjoy from ecosystems and there is a better chance of showing their importance in economic and social development (Norgaard 2010). Yet there are still concerns that the monetization of these services is at best inappropriate and at worst flawed on ethical grounds and in terms of basic principles (Kapustka and McCormick 2015). Here, I argue that these views are missing the point about the need for a transparent approach to valuation.