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Pricing ecosystem services

Published Sun, May 29, 2016 · 09:50 PM

Singapore

RESOURCES such as clean water and fertile soil and good environmental practice have value.

Support is increasing in some quarters for instruments that will put a price to such things, collectively called ecosystem services, which may then be traded in the same way as carbon credits.

New Forests believes ecosystem services frequently represent a form of market failure. "There is now an increasing recognition that market-based or price-based instr…

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