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Value of Earth: Ecological Economics, Ecosystem Valuation, Value of Life, Natural Capital, Individual Capital, Terraforming, Biosphere 2, Biosphere, Nature's Services, Robert Costanza

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Value of Earth: Ecological Economics, Ecosystem Valuation, Value of Life, Natural Capital, Individual Capital, Terraforming, Biosphere 2, Biosphere, Nature's Services, Robert Costanza

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    Available in PDF Format | Value of Earth: Ecological Economics, Ecosystem Valuation, Value of Life, Natural Capital, Individual Capital, Terraforming, Biosphere 2, Biosphere, Nature's Services, Robert Costanza.pdf | Unknown
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High Quality Content by WIKIPEDIA articles! In green economics, value of Earth is the ultimate in ecosystem valuation, and important to value of life calculations. It begins with the simple problem that if the Earth ceases to support life, and human life does not continue elsewhere, all economic activity will also cease. There are several ways to estimate the value of Earth: * Estimate the value of life for everything that lives on it, and assign the Earth, as a necessary component and home for that life, the natural capital on which individual capital thrives, at least this much value. Since not all life is valued, and a very little is overvalued, there is high risk of under-estimation. One way to avoid this is to work continent by continent to see if there is systematic inflation of the price of life on some compared to the others. * Estimate the cost of replacing the Earth, which may include finding and colonizing another planet, or creating one artificially in a compatible orbit. What if the natural capital of a nearby planet, e.g. Mars, were to compete? What would be the cost of terraforming it to make it as comfortable as Earth? Or even barely habitable? An issue is whether to count transport costs.  
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