Defining values in valuation – the IPBES assessment on diverse values of nature


The state of our planet says a lot about humankind – amongst other things, how we value our environment. The biodiversity crisis is just one outcome of our past decisions of valuing nature, and the Sustainable Development Goals are one of the more ambitious attempts to re-evaluate and change our choices to more sustainable ones.
In October 2022, the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES) published its “Assessment Report on Diverse Values and Valuation of Nature” after the approval of its 139 member states in July 2022. The report answers the call of decision-makers to balance different approaches in economic, social, and environmental dimensions to valuing nature and nature’s contributions to people. While economic and political decisions often prioritized instrumental values of nature, the report reveals that supporting more diverse values and integrating Indigenous and local knowledge with scientific knowledge have much more just and sustainable outcomes…

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