Agriculture Reference
In-Depth Information
and biotic factors, will be essential for re-
search to generate meaningful economic
insights. Second, in valuing carbon as an
input in ecosystem service provision it is
important to view soil carbon as a natural
capital stock, from which we value con-
tinuous flows of services. Ignoring the time
dimensions, accumulation and depletion
timescales and the mismatch to often rela-
tively shorter-term economic decision making
processes will risk ignoring the value of car-
bon through its maintenance of the long-term
productivity of ecosystem service provision.
Finally, the chapter highlights that devel-
opment of an integrated valuation frame-
work is essential, as the future values of soil
carbon and the further paths of soil carbon
conservation are simultaneously determined.
The potential scale of the impacts from al-
ternative soil conservation strategies is such
that the economic values of a single unit of
soil carbon restored cannot be considered
exogenous to the choice of soil conservation
strategy.
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