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While such economic arrangements hold great promise, Barbier warns that focusing on one "ecosystem service" - as opposed to grappling with complex systems and interactions - can distort value. He also notes that payments may not cover all the costs of preservation, particularly in the short term. But they may, for instance, pay for running conservation programs, or supplement the income of people who live in the area...
There is clearly an irony in the notion that attaching a "price" to ecosystems can help people reconnect with nature and what it offers us. Yet appreciating nature from an economic perspective may put environmental concerns on the table in a way that governments and institutions can work with. "In speaking the language of economics, you can play a role in the policy process," says Edward B. Barbier, Professor of Economics at the University of Wyoming, who does research on the economics of natural resources. "Twenty-five years ago, people said, 'That's horrendous - you can't discuss nature that...
...natural capital is because it's free," says Ed Barbier, noting that we often think of conservation in terms of its costs rather than its value, and regard manufactured goods in terms of value rather than their environmental costs. Says Barbier: "When we incorporate the services of ecosystems we may start to think: maybe the costs of maintaining [the integrity of] ecosystems aren't that high compared with the benefits. Maybe the gains we get out of converting nature into commodities are not so large in comparison. The point is that we don't see that tradeoff until...
...However important these elections may be, they may not offer much immediate drama. With thousands of polling places, paper balloting and overseas voting, it may take several days to tabulate and announce the results. And since no one of the major coalitions appears to have enough support to form a government, it's likely that the real action won't be at the ballot box, but in back-room wheeling-and-dealing to form a government, which could take weeks. (See pictures of Iraqis preparing to vote...
...giving them significant leverage with Arab Iraqi parties in post-election negotiations. But though they joined Maliki's ruling coalition and formed a government together, the Kurdish ruling parties complain that Maliki hasn't delivered on his promises to return disputed areas to Kurdish authority. This time, the Kurds may be tempted into an alliance with the anti-Maliki Shi'ites. (See pictures of Iraq's revival...