The economics of conservation debt: a natural capital approach to revealed valuation of ecological dynamics

Some species are valued for their direct usefulness to society, through immediate financial returns from market activities such as harvesting or ecotourism. But many are valued for their passive usefulness, i.e., their mere existence contributes to supporting, regulating or cultural environmental services that support human well‐being. Hence, there is inherent social value to conserving such species as natural assets. However, such species are...