Challenges In Managing Natural Resources: A Short Review Of Economic Instruments

As planetary boundaries impose a wider sustainable management of natural resources within private and public sectors, scientists, economists and practitioners are challenged to cooperate to promote newer strategies for natural resources. The framework of Ecosystem Services is paving a new way to bridge cross-discipline research. This short article reviews the Ecosystem Services classification and suggests economic methods and approaches that could play an important role in improving the management of natural resources. The review presents economic methods and approaches which can support broadening the application of Ecosystem Services framework and cross-discipline collaboration.