Valuing nature: the case of tropical forests and Costa Rica

Abstract

The paper focuses on the failure to account for the value of standing tropical forests, and of ecosystem services in general, in economic decision-making. This blindness to the values of nature has led to overexploitation, degradation and destruction of tropical forests, which, in turn, has also significantly con- tributed to greenhouse gas emissions. Forest conservation and restoration has a critical role to play in the fight against climate change and brings a vast array of additional benefits, from security in water, energy, food, health and livelihoods to maintaining biodiversity itself as a core component of our living planet. As first Minister of Environment and Energy under President Oscar Arias (1986–1990), I brought these views into societal decision-making in Costa Rica and here I briefly describe how. This article is part of the theme issue‘Bringing nature into decision-making’