ISB 201 Lecture 1: ISB 201
Document Summary
Environmental science- an integrated study of: how earth works, identifying problems, coming up with solutions to environmental problems. Difference between natural resources and ecosystem services: natural resource- goods provided by nature. Buy it, sell it or purchase it. Ecosystem services- provided to us by natural functioning of the environment: no price tag- forest purify air and water. Natural capital- nature resources and ecosystem services provide. Full cost pricing- economic solution for putting price tags on ecosystem services: internal cost factors which drive market up- labor, energy, marketing, external cost- harmful effects passed on to- environment, public health.