Answer the question in maximum 50 words. This question carries 05 marks. [MPPSC 2020]
Write in short about ecosystem services and their valuation.
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Ecosystem Services and Their Valuation
Ecosystem services refer to the benefits humans receive from nature, like clean air, water, pollination, and climate regulation.
Valuation involves assigning monetary value to these services to highlight their importance in decision-making.
Illustration: Forests provide clean water and air; valuing these helps protect them from destruction, ensuring long-term environmental and economic benefits.