The importance of natural forestecosystems to human well-being cannotbe overstated. Forests provide raw materi-als for food, fuel and shelter. In forests,ecosystem components such as micro-organisms, soils and vegetative cover inter-act to purify air and water, regulate theclimate and recycle nutrients and wastes.Without these and many other ecosystemgoods and services, life as we know itwould not be possible.When we make decisions to alter natur-al forest ecosystems, we often give littlethought to the consequences that changemay have on forest ecosystem services orto the ultimate cost of losing those ser-vices. This oversight stems from ourincomplete knowledge about how changesin ecosystems affect the level of servicesthat the systems provide and our inade-quate understanding of the roles playedby seemingly trivial ecosystem compo-nents.Perhaps the most significant factor isthat few ecosystem services have clearlyestablished monetary values. And this canhave a strong impact, considering thatmany decisions about resource use aremade by comparing benefits and costs.The decision to log a forest tract, forexample, should be based on a compari-son of the expected monetary value ofthe timber and the costs associated withthe ecosystem goods and services foregoneas a result of logging. Any ecosystemgoods and services that do not have mon-etary values are generally not accountedfor in the decision calculus. Neither is thefact that the benefits of many resourceuse decisions are usually enjoyed by small,fairly cohesive groups of people or thecurrent generation, while the costs offoregone ecosystem goods and services areborne by larger, more dispersed groups orfuture generations.
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