Nature’s Supply And Demand Problem
“Supply and demand” is a phrase that’s more commonly associated with economics and business than with the environment. And yet, when we think about it – Nature provides several services that we take for granted… until they aren’t there anymore. Clean air for example – natural systems have filtered and purified air around cities and homes for many years, until the output from our cities becomes too much for the natural system and then we start noticing the smog and pollution. Or flood control – mangroves in the coastal areas of the tropics provide buffers against storm surges and flooding from hurricanes, until they are cut down for development and then we are faced with multi-million dollar damages from a storm. Several ecologists and economists have worked together to try and figure out how best to quantify or price the services that natural systems provide, often called ecosystem services. But what happens as the environment changes, the climate warms and several ecosystems are t