I share George Monbiot’s concern about attempts by some to “put a price on nature” by introducing financial tools such as “biodiversity offsetting” and by monetising ecosystem services (Nature Studies, 17 November). The term “ecosystem services” presumes that natural systems and processes can be quantified merely by the extent with which they provide a service to Homo sapiens.
These metrics can be useful in the proper context; but reducing the living world to its monetary value runs the risk of diminishing its intrinsic value, one that cannot be quantified. I think most people would agree that they aren’t moved to protect the living world because of what it will do to their bank account; they care about it because of love, wonder, and beauty.
Note: This appeared as a letter to the editor in The Independent.