Abstract
To date, there have been limited applications of cost-effectiveness analysis and cost-benefit analysis by those involved in ecological restoration, yet these can be powerful tools to improve the effectiveness and efficiency of management and research efforts. First, cost-effectiveness analysis allows restoration practitioners to develop procedures that achieve the greatest ecological value for the limited money which has been made available for restoration. Second, cost-benefit analysis is needed to justify the importance of restoration projects, giving these projects a better chance of competing for government and other funds in a field of worthy causes. At the same time, it is recognised that the use of economic tools can unintentionally commodify and therefore undermine ecological restoration. Nevertheless, using the language and practices of economics, while consciously maintaining an environmentally friendly ethical position, will markedly strengthen restoration proposals.
Original language | English |
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Title of host publication | Ecological Restoration: Moving Forward Using Lessons Learned |
Editors | Singarayer Florentine, Paul Gibson-Roy, Kingsley W. Dixon, Linda Broadhurst |
Place of Publication | Switzerland |
Publisher | Springer |
Pages | 567-590 |
Number of pages | 24 |
ISBN (Electronic) | 9783031254123 |
ISBN (Print) | 9783031254116 |
DOIs | |
Publication status | Published - 1 Jan 2023 |