GEOG 101 Chapter Notes - Chapter 8: Commodification, State Ownership, Greenhouse Gas
Document Summary
Commodification process through which new goods or services become available for exchange in capitalist markets. We are starting to think about markets for nature carbon and biodiversity for example. Through the commodity chain approach, nature is seen as: A resource base from which commodities are made. Two sets of demands on the natural environment result: How does nature count" economically into or provided as a material commodity. Commodity chain approach: valued as capital or an asset that can be processed. Ecosystem service approach: valued for work" done with regards to. Starting to recognize the non-use value of nature environmental quality, and it turn, human well-being. Under the ecosystem services approach, the economic value of nature is understood to rest with the benefits provided by an intact and unharmed environment. Four commonly identified services that are commonly identified as something we could market and place economic value. The material goods provided by an ecosystem.
