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  1. Economics of restoration / Ecosystem services and their economic valuation
Theme organiser: 
James Aronson (Montpellier, France), James Blignaut (University of Pretoria, South Africa), Rudolf de Groot (Wageningen University, The Netherlands) 
Theme description:
Degraded ecosystems have lost species and much of their capacity to provide the four kinds of ecosystem services recognized by the Millennium Ecosystem Assessment - supporting, regulating, provisional and cultural. Because it is impossible to fully restore a degraded ecosystem, and because restoration is expensive, there are tradeoffs to be considered and new strategies for financing to be developed. Discussions will be held of research and practical results of (a) valuation of ecological services, (b) financing and mainstreaming restoration, and c) linking restoration of social capital and natural capital. Attention will also be paid to remuneration of ecological services supplied by revised agricultural and forestry systems, in Europe and elsewhere. We assert that restoring natural capital goes beyond ecological restoration per se, and that both are crucial elements of sustainability.
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