Nature should be valued for more than just its market-share

Publicly released:
Australia; NSW; WA
Image by Larisa Koshkina from Pixabay
Image by Larisa Koshkina from Pixabay

Improving how people value nature and how these values are integrated into policymaking is essential to achieving more sustainable futures, according to Aussie research. The research involved analysing more than 50,000 scientific publications, policy documents and Indigenous and local knowledge sources to better understand the diverse benefits of nature and how they are valued. The team found that there is a wide range of perceived values of nature from which people benefit, including economic, recreational, life-supporting, and even spiritual. The paper presents how these values are reflected in policy-making, noting that market-related benefits of nature tend to be the main considerations in policy and that undervaluing the broader range of benefits of nature underpins the crises of biodiversity loss and climate change.

News release

From: Springer Nature

Sustainability: Nature needs to be valued for a sustainable future (N&V)

Improving how people value nature and how these values are integrated into policymaking is essential to aid the transformative changes needed to achieve more sustainable futures, research in Nature suggests. The study involves the analysis of more than 50,000 scientific publications, policy documents and Indigenous and local knowledge sources to better understand the diverse benefits of nature and how they are valued.

There is a wide range of perceived values of nature from which people benefit, be it economically (such as using natural resources to sustain livelihoods), recreationally, in a life-supporting capacity (such as maintaining biodiversity and stabilizing the climate) and even spiritually. Unai Pascual and colleagues present an assessment of how people value nature and how this is reflected in policy making. This report builds on the July 2022 Values Assessment from the Intergovernmental Platform on Biodiversity and Ecosystem Services (IPBES).

The market-related benefits of nature tend to be the main considerations used in policy. Undervaluing the broader range of benefits of nature underpins the crises of biodiversity loss and climate change, the authors suggest. They also note that better assessment of the views and values of Indigenous people and local communities, and the integration of such into policymaking, is needed to promote more just (treating people and nature fairly) and balanced decisions.

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Research Springer Nature, Web page
Journal/
conference:
Nature
Research:Paper
Organisation/s: The University of Sydney, The University of Western Australia
Funder: We received no specific funding for this work; all authors involved in IPBES do so on a voluntary basis. The IPBES Values Assessment was made possible thanks to many generous contributions, including non-earmarked contributions to the IPBES trust fund from governments. All donors are listed on the IPBES website www.ipbes.net/donors. U.P. acknowledges BC3’s Maria de Maeztu excellence accreditation 2023–2026 (reference no. CEX2021-001201-M) provided by grant no. MCIN/AEI/10.13039/501100011033.
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