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For this discussion, listen to the podcast in the link above and answerthe following questions. Your post should be approximately 200 - 300 words written
For this discussion, listen to the podcast in the link above and answerthe following questions. Your post should be approximately 200 - 300 words written in grammatically correct full sentences.
- What are the strengths of the approach used to value nature discussed in this podcast (i.e. ecosystem services)? Explain what kinds of values are missed by such an approach. Do you think this is likely an over-estimate or an underestimate of the total value?
- What do you make of the ethical debate presented in this episode? Briefly summarize both sides of the argument. Which side do you find most compelling and why?
- One issue that is raised in the podcast is that of irreversibility. Explain what irreversibility is in this context and why it might complicate non-market valuation using ecosystem services. Can you think of a way that irreversibility could be accounted for in valuation? https://radiolab.org/podcast/what-dollar-value-nature
Your response should be thoughtful, well-written (proper grammar, clear logic and transitions, and free of typos), and address the three points outlined above.
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