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Conservation and Society
An interdisciplinary journal exploring linkages between society, environment and development
Conservation and Society
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Year : 2013  |  Volume : 11  |  Issue : 4  |  Page : 321-325

Beyond Money Metrics: Alternative Approaches to Conceptualising and Assessing Ecosystem Services

1 Azim Premji University, Bangalore, India
2 Ashoka Trust for Research in Ecology and the Environment, Bangalore, India
3 Institute for Social and Economic Change, Bangalore, India
4 Jamia Hamdard, Hamdard University, New Delhi, India

Correspondence Address:
Seema Purushothaman
Azim Premji University, Bangalore
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Source of Support: None, Conflict of Interest: None

DOI: 10.4103/0972-4923.125739

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The concept and valuation of ecosystem services have emerged as growing and dynamic areas of research over the past few years. The adoption of these ideas and methods into mainstream policy discussions and practice has occurred at a rapid pace. Conventionally, the valuation of ecosystem services has been synonymous with estimating the economic (monetary) value of these services. However, monetisation has limitations that need to be acknowledged before it is adopted in policies. In addition, the socio-political and institutional dimensions of ecosystem services are largely overlooked in the debate. Against this backdrop, the Indian Society for Ecological Economics (INSEE) has put together this special section to critically review the current thinking and practices surrounding ecosystem services and to present emerging alternative approaches.

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