This paper was originally published on Proceedings of the National Academy of Sciences.
“Ecosystems store vast quantities of wealth, but difficulties measuring wealth held in ecosystems prevent its inclusion in accounting systems. Ecosystem-based management endeavors to manage ecosystems holistically. However, ecosystem-based management lacks headline indicators to evaluate performance.
We unify the inclusive wealth and ecosystem-based management paradigms, allowing apples-to-apples comparisons between the wealth of the ecosystem and other forms of wealth, while providing a headline performance index for evaluating the performance of ecosystem-based management. We project that the Baltic Sea fishery ecosystem yields increasing stores of wealth over the next 50 y under the ecosystem-based management-inspired multispecies maximum sustainable yield management beginning in 2017, whereas the previous single-species management generally results in declining wealth…”
Read on and access the paper at: Proceedings of the National Academy of Sciences.