Login with Facebook
Close

Conservation Economics

Economics is a wide subject that deals with more than just how the country is developing in terms of income. It is a wide subject that touches a lot of areas, one of them is out environment. Hence, economic studies require that people also consider the importance of conserving the environment. Several issues are addressed under this subject, mainly, the idea of making sure some species of plants and animals are kept from extinction.

Human activities are the number one cause for environmental pollution. Since we rely on industrial products, it has become a must to have several industries producing different consumption goods for proper human existence. Living under the sun has been a daily struggle for people from all walks of life. Which is why there must be way to keep a balance.

In economics, the term scarcity is used to define the case of human needs verses natural resources. Human needs are referred to as unlimited, while the resources expect to fulfill them are limit. This is why we run into problems of scarcity. If it were possible, everyone would produce what they need from their homes so that they wouldn’t have to rely on the production of another person. But since, we need certain basic items to exist, we rely on other people who can produce them. People are social beings, who survive by relying on each other. And the existence, of markets, perfect or imperfect, is the best explanation of human interaction. Here, producers, who are manufacturers/supplies create product, which are bought by households/consumers. In order for one to afford these things, they need to have financial and other resource, in which case they have to work because they is never enough money to get everything we need. Then the issue of unemployment rate comes up where we don’t have enough jobs to accommodate the whole labor market. Even when one gets the job, it is never enough to help them live a life they may have expected.

In simple terms, human beings exist by using the scarce natural resources around. Unfortunately, this cannot happen without touching on the issue of environmental concern. Environmental economics has therefore become one of the biggest subjects of study in the modern world, where different factors that affect the environment due to economic activities are addressed. With issues like global warming and increased disease, it is crucial to understand the impact of environmental pollution on and because of economic activities and the general well-being of human species.

Under this topics, one major problem concerns threated species. One may wonder what threatened species of animals and plants has to do with the study of economics. Well, it has everything to do with how people behave and what drives them to take certain decisions. It helps us understand how human activities influence the whole world, and what we should do to keep a balance. Think about the economic income of a country through economics for instance, this sector relies on heavily on the availability of unique flora and fauna. People travel from far corners of the world to come and see these lives, which may not be in their countries, and pay a lot of money for them, which goes towards accomplishing many development goals set in place.

The economics of conservation has since become one of the major topics of study in this case. Over population human activities has been the main threat to the environment, and those who are concerned can no longer just sit back and watch. We need natural resources to have a good life. But since there is not much of this, the factors that threaten the extinction of some ecological components of the world are immense. There is need to have a control on these factors, a case that forces us to consider the study of environmental economics, specifically in this case, conservation.

Conservation Economics in Details

There is no better expression of nation, corporate and individual values than with economic behavior. We need values to achieve our global goal of conservation, because it goes beyond the normal understanding and definition of a good life. It is also hard to value to endure vitality, unless it discovers expression in economic behavior, either through what we do to achieve what other species needs, or what we have to forego in order to save what the other species need to exist. The issues of extinction for some species of plants and animals has always been a major concern on the global scale. At the same time economic behavior determines the best way a person can live under the sun, and have everytghing they need to exist. So, economics and environmental conservation are two subjects that are closely linked – they are in the middle of human existence.

Today, people are giving generously to conservation because they understand what is at stake, and the reward at the end. But is becomes a huge paradox since they need money to give back to this environment, where the same money comes from economic activities that that degrade biodiversity they are trying to protect. A compilation a technical review for The Wildlife Society by Trauger et al., reveals that there is a significant relationship between economic growth and wildlife conservation. Human activities have always been, and continue to be the main threat to the conversation, in which case, the note that there is “a fundamental conflict between economic growth and wildlife conservation.” (Trauger et al. 2003).

But the biggest question is, what is the nature of this conflict, and why does it exist? And most importantly, why should we care about this conflict, and even study about it? Let begin by noting the conservation needs money to achieve its goals. We have seen many people starting charities and foundation to help conserve specific areas of the environment. The largest amount of this money come from people who have sufficient affluence to give to charitable cause, where conservation is perceived to be one them. Yen et al. (1997), carried out a survey to determine the variables affecting contributions of conservation. In their findings, income was listed as the largest influencer on the probability of the amount given. Pergams el al. (2004), carried out a similar study in the USA, which established that stock market indices like Dow Jones Industrial Average and the Standard & Poor’s 500, GDP and personal income had a lot to do with as the 99% of annual variation in toral revenue where The Nature Conservancy is among the main benefactors. These are broad economic indicators that are seen in all major economies, and they are explained as the 96% of the annual number of university conservation program.

In other words, it is people who are involved in threatening extinction of certain animals and plants, and they are the same involved in conserving them. Economic behavior plays the most important role in keeping a natural balance between consumption of natural resources and using the same of achieve our economic goals. When a person wants to start a new business, or a company wishes to expand their territory, they must first seek proper permissions from concerned bodies, among them the ministry of environment. But most importantly people have to be impacted with values that help in understand their roles on the environment. “The conservation activity parameters were measured my exhibit positive trends even in the face of declining biodiversity, but biodiversity conservation will ultimately require the cessation of economic growth. The challenge to the conservation of biological community is to retain a significant presence during and after the cessation of growth.” (Pergams et.al 2004:1617). At the beginning of this subject, we mentioned the interaction between supply and consumption on the growth of markets. This statement confirms that there is not economic growth without this interaction, which ultimately touches the general natural habitat/

The increase in human activities leads to betterment of economic growth, which is a good thing. But this causes a sacrifice on the general environment. It is not just become people must survive, but also because they depend on nature for existence. But this does not also mean that we have to sacrifice everything we have to achieve what we need. Biodiversity is fast degrading, and this becomes a threat to the very economic growth we seek to achieve. It is true that human beings depend on natural resources to survive, but this does not mean that we have to oppress the same nature. On the other hand, people are motivated to live a fulfilling life when they exist in a good economic environment.

Today, conservation economics is being well practiced by a large number of serious individuals. These people have taken up the task to face one of the biggest challenges of modern times, which is averting massive losses in the bio-diversity of life forms on earth. This is a subject that exists today, and it must exist for the benefit of humanity.

We define Conservation Economics as the application of economics to understand the costs and benefits of sustaining natural resources. This subject seeks to accomplish the most expansive and lasting conservation by lowering its costs, declaring its benefits, and fitting in with a genuine economic development. This is a field of economics that has to be declared a commonsense purpose. Today, it has become more important than ever because it has never been taken with the seriousness it deserves. Of course, this is not the first time we are coming across a related field. Subjects like ‘environmental,’ ‘natural resource’ and ‘ecology,’ have been used to describe what nature has to do with human lifestyle and economic growth.

Environmental economics, for instance, has been with us for more than half a century, focusing on the value of the natural environment, specifically things that come from the ecosystem that are not bought and sold directly through the markets. They include things like scenic views, clean air and wildlife, among others. It is a branch of economics that came up to report on policies seeking to protect and manage natural lands and regulate pollution. It is crucial for everyone tpo understand the economic value of nature and environmental quality because it allows people to figure out what it is important to invest in them. 

Natural resource is another aspect of economic studies that seeks to calculate how fast people should exploit resources if they want to gain the most financial value. It looks at rate of extracting oil and minerals, profit-maximizing harvest age for tree and the level of catch that maximize profit from fish stock. Ecology economics is an idea embedded in environmental economics that arose to oppose another idea, the monetization of nature. It has taken over as the main concern for nature and economics. Our planet is engulfed in a finite ecological system, in which a similarly finite economy can exist. In this case, nature is not just one more input to production, which can grow indefinitely like labor and capital.

The Theory of Conservation Economics

The three approaches to environment and economics mentioned above are all important to understanding how human activities and nature interact. But none of them is clearly useful in conserving nature. This is true, especially when you look at them individually. This is where Conservation Economics comes into play. Yes, we can get all the tools to calculate the benefits of the ecosystem, but these numbers will not be of any help if the ecosystem it wiped out. Activities like deforestation and poaching have become the biggest threat to nature, and it’s all because of human activities and development.

The model that explains conservation economics is based on the economic behavior. And there is no economic behavior without values. Deontology and utilitarianism theories are two different yet closely related models that explain human behavior. They both agree that people should behave in a way that affects the society positively. Our actions and results of the actions have to be good, and this extends into the natural environment. We need economic activities to growConservation Economics, but this does not mean we sacrifice other aspects of the ecosystem. It is the duty of every person to play a part in conserving our natural world.

Author: James Hamilton


Need a custom
essay?

We will write it for you.
Order now

Free Essay Examples

Free essays:

All you need to know about Neuroendocrinology
All you need to know about Big data management
All you need to know about digital special effects
All you need to know Technical Writing?
Basics the Game Theory in Cryptoeconomics
Business innovation ideas for making money
Biosensors for cancer diagnosis
Business Analysis: Pricing strategies and Demand Curve
Cognitive Computing- How does Cognitive Computing work?
Consciousness: characteristics and peculiarities
Conservation Economics
Cybersecurity in business: challenges, risks, and practices
Demographic trends and how they affect Economic Growth
Dance as an art form and entertainment
Discrimination Economics
Determinants of Wages
Everything you need to know about short-term memory
Economic and Policy Impacts of Demographics
Ethics: an essay on the understanding of evil
Emotions: what are they? Theories explained
Factors of Demographic Data Collection
Factors Affecting Purchasing Behavior
Financial Statement Analysis
Factors Influencing Interest and Exchange Rates
Government's Intervention in The Labor Market
Guide on the Pathways of the nervous system
Game theory in microeconomics
Globalization: definition, causes, social impact and risks
How Relativism Promotes Pluralism and Tolerance
How to use the audience’s feedback to write a news report
History of silent cinema
How news report can be strengthened through multimedia
Introduction to Population Problems
Imperfect Information and Asymmetric Information
Imperfect Information in Insurance
Introduction to Labor Markets
Journalism: What is News?
Journalism: Broadcast media and Television Presenters
Journalism: Sources of News
Journalism and Law
Key Determinants of National Income
Key Factors That Affect Pricing Decisions
Kinetic models in biology and Related fields
Know about the different forms of traditional African dances
Latest technology trends
Latest dance trends
Magnetoencephalography (MEG)
Microeconomic Analysis to the Demand for Labor
Neuromuscular disorders
National Economies, Fluctuation, and Responses to Fluctuations
Neurotransmitters: what they are and different types
Nanomedicines to target tumors
Objections to utilitarianism
Organizational motivation and its effects
Overcoming Hiring Challenges for Nonprofit Organization
Population Demographics
Recurrent neural networks (RNN) for speech detection
Russian School of Mathematics
Research and Development
Risk Sharing in Insurance and Asset Markets
Stochastic optimization methods in deep learning?
Structure of the nervous system
Structure of a Corporation
Schizoaffective disorder: how to live better with it
The climate change denial
The techniques of basic cinematography
The Endosymbiotic Theory
The Role of Internal Audit in Corporate Risk Management
Unions
Unemployment
Utilitarianism Vs. Kantianism
Understanding Auctions and Auction Theory: Part 2
Various theoretical perspectives of sociology
Virtual reality, what it is and how it works
What are the linear models in machine learning?
What is Convolutional Neural Network
4 Facts about Origin of Mathematics!
5 techniques to create an animation
10 emerging technologies according to World Economic Forum
10 strategies to maximize corporate profits
3d Model Of Building
6 Medical Technologies that revolutionized the healthcare in 2020
All you need to know about the ACA Code of ethics
Architecture and Democracy: An Introduction
Architecture and Democracy: Democratic Values
Architecture and Democracy: Democratic Procedures
All You Need to Know About a Synthesis Essay
An essential guide to understanding Film Theory
Application of Artificial Intelligence in Cyber Security
Applications of electrical engineering
Augmented reality: what it is, how it works, examples
Advantages And Disadvantages Of Social Networking
All you need to know about Cryptography
Applications of astrophysical science
All you need to know about architecture engineering
Applications of geological engineering
Artificial intelligence and medicine: an increasingly close relationship
An insight into Computational Biology
ACA code of conduct
A Rose for Emily
Applications of Mathematics in daily life
Architecture mistakes to avoid
All you need to know about Toxicology
All you need to know about Holistic Medicine
All you need to know about linguistics
An introduction to Linguistics and its subfields
All you need to know about Anxiety disorder
All you need to know about Drones
A Brief Insight into Political Science
Assumptions related to feminism
All you need to know about Byzantine emperors
All you need to know about labour economics
An insight into xenobots -the first-ever robots
An ultimate guide about Biomaterials
A Comprehensive Introduction to the Mona Lisa
Analysis methods of Transport through biological membranes
An ultimate guide about biochemical reactions
Analysis of brain signals
Artificial Gene Synthesis
Application to synthetic biology of CAD methods
All you need to know about metabolic pathways
Applications of BIOMEMS
All you need to know about the epidemiology
Asian vs. western leadership styles
All you need to know about Smart prosthesis
Analysis of Economy: Output of Goods and Services (GNP), and GDP on Economic success
A Guide to Pricing Strategies
An Overview Of Economic Studies
Analysis of Fiscal and Monetary Policies
Analysis of Business Cycles
Analysis of Consumption and Investment
A Look into Regression Analysis
Analysis of Household's Consumption and Savings Behavior
All you need to know about Capital Budgeting
All you need to know about risk management
Art looted in wartime.
Appropriate use of Data in Economics
All you need to know about reaction kinetics?
A historical overview of Financial Crises
All you need to know about management discipline?
An insight into the error-correction models
All you need to know about Data visualization
All you need to know about Work-family balance
All you need to know Technical Writing?
All you need to know about digital special effects
All you need to know about Big data management
All you need to know about Neuroendocrinology
How to Write a Personal Essay
Housing Needs in America
How to Write a Description Essay
How to Create an Excellent Scholarship Essay?
How to write a cause and effect essay
How to Hire the Best Essay Writing Service Provider?
How to Write a College Application Essay?
How to get the most out of your English lectures
How to write Expository Essay
How to succeed in your psychology class?
How to Write an Academic Essay in the Shortest Time?
History of Journalism
How Different Sectors are Using Artificial intelligence (AI)
How to write an informative essay
How to deliver persuasive essays?
How to Give a Convincing Presentation
How to write an essay on leadership?
Historical Art Still Around Today
Humanoid robot: what it is, how it works and price
History of Chemistry
Healthcare Advanced Computer Power: Robotics, Medical Imaging, and More
Healthcare AI: Game Changers for Medical Decision-Making and Remote Patient Monitoring
How to understand different types of English
How to Cope with Chronic Pain
How African American choreographers and dancers have influenced American dance
How mobile robot can do in logistics or in production
How To Become a Successful Entrepreneur
History of the Philosophy of Feminism
How is the climate changing?
How to Track Your Content Marketing ROI
How to Gun control In the USA?
Historical and contemporary role of labour in the modern world
How breast cancers are classified?
How the cells of our body communicate?
How the Lymphatic System Works?
How Digestive System Works
How to complete your capstone projects effectively?
How to write a research project
Healthcare technologies that help patients with better self-management
How to choose the topic of the senior capstone project
How to make your business survive at economic crisis
How can immigrants blend in the American society?
How does the economics of war affect society?
Hate speech on social media.
How to Build an Economic Model
How to start a healthcare startup?
How can financial illiteracy harm you?
How cancer is developed - Cancer biology
How to define the Enterprise Value
How to conduct economic research?
How women can manage sexual harassment
How to use quotes in your news reports?
How news report can be strengthened through multimedia
History of silent cinema
How to use the audience’s feedback to write a news report
How Relativism Promotes Pluralism and Tolerance
Introduction to Urban Studies
Importance of dance in education
InMoov: how to build an open source humanoid robot
Importance of KYC verification to making the Blockchain secure
Importance of Rhythm
Importance of dance student evaluation
I/O control methods -types and explanations
Identity theft: what to do?
Introduction to Utilitarianism
Importance of 3d Modelling in Architecture
Importance of online journalism
Image processing in medical diagnosis
Introduction to USA Politics
Introduction to Comparative Politics
International Relations as a Major in Political Science
Importance of modern trade policy
Introduction to Journalism
Introduction to Writing a TV Script
Introduction of Microfabrication techniques
Introduction to Microeconomics
Interaction of Consumer and Firm Choices in Markets
Importance of corporate sustainability
Issues in International Monetary Macroeconomics
Introduction to Statistics and Data for Economics
Introduction to Data and Probability for Economics
Introduction to the Game Theory
Introduction to Econometrics
Introduction to Economic Information
Introduction to Market Equilibrium
Introduction to Economic Models and Application
Introduction to Empirical Research
Introduction to Econometric Data
Importance of Critical Thinking, Principles, and Goals
Introduction to Identification and Causal inferences
Introduction to Econometric Application
Intermediaries and Government in Financial Crisis
Importance and seven principles of quality management
Illiteracy in the USA
Introduction to Economics of Law
Introduction to Coase Theorem
Introduction to Social Choice and Incarceration
Intellectual Property and Product Liability
Investment in Human Capital
Introduction to Labor Markets
Imperfect Information in Insurance
Imperfect Information and Asymmetric Information
Introduction to Population Problems
The Looming Energy Crisis in America
Top benefits of performance-based engineering
The More Languages You Know, The More Times You Are a Man
Things to consider while writing an Argumentative Essay
Top Ways to Improve Your Academic Writing Skills
Tips to Excel in Creative Writing
The origins of films in the early 19th century
Top career options in Architecture
The Elevator Pitch
Top finance trends 2020
The basic Structure and functionality of robots
The Way to Success
The election system of the President in the United States of America
Two-party System in United States of America
Top trends in urban design
The history and theory of African American filmmaking
Top benefits of creative writing
Tinnitus Guide: Common Symptoms and Treatment Options
The language of dance
The digital image processing management
Top famous politicians of the World
Top methods of political science!
The history of the feminist movement
The blood flow in cardiovascular system - Biofluid Mechanics
The best of Leonardo Da Vinci
The Structure and Function of Macromolecules
The structure of cell: a research on the bricks of the human body!
Tissue and organ construction: Adhesion and recognition between cells
The kinetics of the transformation processes
The Modeling of Biological Systems
Tips for writing a great thesis statement
The Defense mechanisms against infections
The impact of the technological innovations in medicine
Top journalism trends to know about
The relation between mass media & politics
Theranostics: Diagnosis and Care through Nanoparticles
The practical Applications of X-rays
The applications of Ultrasound in medicine
Transfer mechanisms of genetic information in Bacteria
The regulation of cellular metabolism in the diagnosis
The Principles of MRI Contrast agents
The technical basis of optical coherence imaging
The New Media: Emerging Trends
The Structure of Interest Rates and the Yield Curve
Technological perspectives and reflections of neural engineering
Types of bioreactors and their applications
The Role of Government Policy in Improving Economic Outcomes
Types of corporate responsibility
The Role of IMF in International Monetary Macroeconomics
Tools for investment decision making
The concept of Organizational Culture and its applications
The Conduct of Monetary and Fiscal Policy
The Basics of Financial Accelerator Models
Tips for labeling medical devices- Medical Entrepreneurship
The different medical imaging techniques
The Economics of Uncertainty – Introduction
Theories of Public Policy
The Game Theory in Social Media
The political theory of Thomas Hobbes
The Use of Law on Economics and Vice Versa
The Role of Internal Audit in Corporate Risk Management
The Endosymbiotic Theory
The techniques of basic cinematography
The climate change denial
What is a Definition Essay?
What are diagnostic essays?
What is the relation between art structural engineering?
What is a Narrative Essay
What are robotics and intelligence systems?
What are the benefits of studying health sciences?
What is artificial intelligence and why it matters?
What is comparative Literature?
Why study neuroscience
What is Wi-Fi and how does it works
What is French history famous for?
What are Humanistic Studies?
What is covered in Biophysics?
What is modern journalism?
What is Virtualization? Benefits & Applications
What are modern public relations?
What is plasma physics?
What is teacher preparation?
What is rapid prototyping for 3D printing?
What is contemporary European Politics?
Why should you learn American Ballet?
What is engineering physics?
What is the purpose of African American Literature?
Ways to learn the Rhythm
What is digital art used for?
What are Enzymes and how do they work
Who is the father of political science?
Why Study Political Science - Job?
What is the Philosophy of Feminism?
What is a quantum computer?
Ways B2B Startups Streamline Their Conversion Strategies
Why do biomedical signals need processing?
What are the long term effects of climate change?
Why study labour relations
What is Holoprosencephaly?
What is antisocial disorder?
What are the important principles of evolution?
What is the cytoplasm and its function?
What is biopolymers?
What Makes a Good Leader
Women empowerment in modern generation
What is the history of political thought?
What is Gene recombination
What is synthetic biology
What is business cost analysis?
What is Inflation
What are the consequences of unemployment?
What is lithotripsy and its types?
What is transition elastography?
What is the purpose of deep brain stimulation?
What is a Brain-Computer Interface (BCI)
What is neuroethics?
What is Market and Supply and Demand
What is optogenetics?
What are the techniques to record brain activity?
What happens if the interest rate increases?
What is immunotherapy?
What is the economic role of the financial market?
What are the factors behind illegal immigration?
What is the lymphocyte activation?
What is financial market and its types?
What is the structure of financial markets?
What are the methods of measuring business performance?
What is the Credit market?
What is business ethics and code of ethics
What are the Causes of financial instability?
What is MBA with Concentrations
What is regenerative medicine?
What is Population ecology?
What is Microfinance: evolution, and practices?
What is biotechnology and its applications?
What are Workplace diversity and its benefits?
What is the difference between a leader and a manager?
What Is Branding and best branding Business strategies?
Why are microelectronics important?
What are biologic drugs.
What is the Foreign Exchange market?
What is the role of scientific research in times of crisis?
What are the risks of international trade?
What is financial management?
What is gene therapy?
What is education economics?
What is regression analysis, and why should you use it?
What Is Technology Marketing And How Should It Work?
What is Management Accounting
What are the methods of valuation of companies?
What is Immune System and Immunotherapy?
What is big data analytics?
What is the 7 layers of OSI model?
What is Neuroplasticity?
What are Sculpture art and its types?
What are the different genres of films?
What is Transcranial magnetic stimulation (TMS)?
What is TES-Transcranial electrical stimulation?
What is Relativism?
What is Vaccine skepticism, and what to do about it?
What happens in the brain when learning?
What is the deep neural network?
What is Convolutional Neural Network
What are the linear models in machine learning?