Ecological currency refers to a method used to assign value to ecosystem services in a way that can be understood and utilized in economic terms. It involves quantifying the benefits provided by ecosystems, such as clean air and water, biodiversity, and climate regulation, in monetary units.
By assigning a monetary value to ecosystem services, policymakers, businesses, and individuals can better understand the importance of preserving and sustainably managing natural resources. This valuation helps in decision-making processes, such as land use planning, conservation efforts, and sustainable development projects.
Overall, ecological currency provides a framework for recognizing the intrinsic value of ecosystems and their services in economic terms, thus promoting their protection and wise use for the benefit of both humans and the environment.
