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Gross ecosystem product (GEP): Quantifying nature for environmental and economic policy innovation by Hua Zheng; Tong Wu; Zhiyun Ouyang; Stephen Polasky; Mary Ruckelshaus; Lijuan Wang; Yi Xiao; Xiaolong Gao; Cong Li; Gretchen C. Daily is a Environmental Science article available to read on EtoBox.

What is Gross ecosystem product (GEP): Quantifying nature for environmental and economic policy innovation about?

## Abstract The large-scale loss of ecosystem assets around the world, and the resultant reduction in the provision of nature’s benefits to people, underscores the urgent need for better metrics of ecological performance as well as their integration into decision-making. Gross ecosystem product (GEP) is a measure of the aggregate monetary value of final ecosystem-related goods and services in a specific area and for a given accounting period. GEP accounting captures the use of many ecosystem services in production processes across the economy, which are then valued in terms of their benefits to society. GEP has five key elements that make it transparent, trackable, and readily understandable: (1) a focus on nature’s contributions to people; (2) the measurement of ecosystem assets as stocks and ecosystem services as flows; (3) the quantification of ecosystem service use; (4) an understanding of ecosystem service supply chains through value realization; and (5) the disaggregation of benefits across groups. Correspondingly, a series of innovative policies based on GEP have been designed and implemented in China. The theoretical and practical lessons provided by these experiences can s

Who reads Gross ecosystem product (GEP): Quantifying nature for environmental and economic policy innovation?

Author

Hua Zheng; Tong Wu; Zhiyun Ouyang; Stephen Polasky; Mary Ruckelshaus; Lijuan Wang; Yi Xiao; Xiaolong Gao; Cong Li; Gretchen C. Daily

Publisher

Springer Science and Business Media LLC

Published

2023

Field

Environmental Science (Physical Sciences)