Experts concluding the global DIVERSITAS biodiversity conference today in Cape Town described preliminary research revealing jaw-dropping dollar values of the “ecosystem services” of biomes like forests and coral reefs – including food, pollution treatment and climate regulation.
Undertaken to help societies make better-informed choices, the economic research shows a single hectare of coral reef, for example, provides annual services to humans valued at US $130,000 on average, rising to as much as $1.2 million.