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dc.contributor.authorHahn, Thomas
dc.contributor.authorSioen, Giles B.
dc.contributor.authorGasparatos, Alexandros
dc.contributor.authorElmqvist, Thomas
dc.contributor.authorBrondizio, Eduardo
dc.contributor.authorGomez-Baggethun, Erik
dc.contributor.authorFolke, Carl
dc.contributor.authorSetiawati, Martiwi Diah
dc.contributor.authorAtmaja, Tri
dc.contributor.authorArini, Enggar Yustisi
dc.contributor.authorJarzebski, Marcin Pawel
dc.contributor.authorFukushi, Kensuke
dc.contributor.authorTakeuchi, Kazuhiko
dc.identifier.citationEcological Economics. 2023, 208 .en_US
dc.description.abstractRecently two distinctly different conceptualisations of insurance value of biodiversity/ ecosystems have been developed. The ecosystem framing addresses the full resilience value without singling out subjective risk preferences. Conversely, the economic framing focuses exactly on this subjective value of risk aversion, implying that the insurance value is zero for risk neutral persons. Here we analyse the differences conceptually and empirically, and relate this to the broader socio-cultural dimensions of social-ecological resilience. The uncertainty of the Anthropocene blurs the distinction between subjective/objective. We show that the economic framing has been operationalised only in specific cases while the broader literature on resilience, disaster risk reduction, and nature-based solutions tend to address the full value of resilience. Yet, the empirical literature that relates to insurance value of biodiversity is hardly consistent with resilience theory because the slow underlying variables defining resilience are rarely addressed. We suggest how the empirical literature on insurance value can be better aligned with resilience theory. Since the ecosystem framing of insurance value captures the essence of the resilience, we propose using the concept “resilience value” as it may reduce the present ambiguity in terminology and conceptualisation of insurance value of biodiversity. nsurance value of ecosystems Natural insurance value Ecosystem services General resilience Specified resilienceen_US
dc.rightsNavngivelse 4.0 Internasjonal*
dc.subjectInsurance value of ecosystemsen_US
dc.subjectNatural insurance valueen_US
dc.subjectEcosystem servicesen_US
dc.subjectGeneral resilienceen_US
dc.subjectSpecified resilienceen_US
dc.titleInsurance value of biodiversity in the Anthropocene is the full resilience valueen_US
dc.title.alternativeInsurance value of biodiversity in the Anthropocene is the full resilience valueen_US
dc.typePeer revieweden_US
dc.typeJournal articleen_US
dc.rights.holder© 2023 The Authorsen_US
dc.subject.nsiVDP::Samfunnsøkonomi: 212en_US
dc.subject.nsiVDP::Economics: 212en_US
dc.source.journalEcological Economicsen_US
dc.relation.projectAndre: Future Earth Urban Knowledge-Action Networken_US
dc.relation.projectAndre: Japan Science and Technology Agencyen_US
dc.relation.projectAndre: Mistra (DIA 2019/28)en_US
dc.relation.projectAndre: Formas (2021- 00416)en_US

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Navngivelse 4.0 Internasjonal
Except where otherwise noted, this item's license is described as Navngivelse 4.0 Internasjonal