European Journal of Sustainable Development Research

Valuation of Ecosystem Services and Environmental Damages: An Imperative Tool for Decision Making and Sustainability
Hemant Bherwani 1 2 * , Moorthy Nair 1, Atya Kapley 1 2, Rakesh Kumar 1 2
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1 CSIR-National Environmental Engineering Research Institute (NEERI), Nagpur, Maharashtra, INDIA
2 Academy of Scientific and Innovative Research (AcSIR), Ghaziabad, Uttar Pradesh, INDIA
* Corresponding Author
Research Article

European Journal of Sustainable Development Research, 2020 - Volume 4 Issue 4, Article No: em0133
https://doi.org/10.29333/ejosdr/8321

Published Online: 06 Jun 2020

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How to cite this article
APA 6th edition
In-text citation: (Bherwani et al., 2020)
Reference: Bherwani, H., Nair, M., Kapley, A., & Kumar, R. (2020). Valuation of Ecosystem Services and Environmental Damages: An Imperative Tool for Decision Making and Sustainability. European Journal of Sustainable Development Research, 4(4), em0133. https://doi.org/10.29333/ejosdr/8321
Vancouver
In-text citation: (1), (2), (3), etc.
Reference: Bherwani H, Nair M, Kapley A, Kumar R. Valuation of Ecosystem Services and Environmental Damages: An Imperative Tool for Decision Making and Sustainability. EUR J SUSTAIN DEV RE. 2020;4(4):em0133. https://doi.org/10.29333/ejosdr/8321
AMA 10th edition
In-text citation: (1), (2), (3), etc.
Reference: Bherwani H, Nair M, Kapley A, Kumar R. Valuation of Ecosystem Services and Environmental Damages: An Imperative Tool for Decision Making and Sustainability. EUR J SUSTAIN DEV RE. 2020;4(4), em0133. https://doi.org/10.29333/ejosdr/8321
Chicago
In-text citation: (Bherwani et al., 2020)
Reference: Bherwani, Hemant, Moorthy Nair, Atya Kapley, and Rakesh Kumar. "Valuation of Ecosystem Services and Environmental Damages: An Imperative Tool for Decision Making and Sustainability". European Journal of Sustainable Development Research 2020 4 no. 4 (2020): em0133. https://doi.org/10.29333/ejosdr/8321
Harvard
In-text citation: (Bherwani et al., 2020)
Reference: Bherwani, H., Nair, M., Kapley, A., and Kumar, R. (2020). Valuation of Ecosystem Services and Environmental Damages: An Imperative Tool for Decision Making and Sustainability. European Journal of Sustainable Development Research, 4(4), em0133. https://doi.org/10.29333/ejosdr/8321
MLA
In-text citation: (Bherwani et al., 2020)
Reference: Bherwani, Hemant et al. "Valuation of Ecosystem Services and Environmental Damages: An Imperative Tool for Decision Making and Sustainability". European Journal of Sustainable Development Research, vol. 4, no. 4, 2020, em0133. https://doi.org/10.29333/ejosdr/8321
ABSTRACT
Economics being a major field in management has paved its way into environment to tackle the issues concerned with environmental/ecosystem services degradation and is acting as an aspect of human wellbeing and sustainability. Environmental degradation due to pollution is very well known and is measured thoroughly throughout the world. However, the end point impacts are seldom measured and not reported. There are very few responsible companies in the world who are aware about this fact and are reporting these externalities, or the third-party impacts, of their businesses. Various facets of ecosystem services on the other hand are known and have various measurement frameworks as well. The current paper discusses both the aspects i.e. ecosystem services and environmental externalities with respect to assessment techniques and highlights the way in which these fields have developed over the years along with their current methods and trends. The paper will help researchers and policy makers, working in this field, by making them aware about various means by which these estimations can be done so that the gap between environmental degradation and sustainability can be bridged.
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This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.