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X-ORIGINAL-URL:https://environment.princeton.edu
X-WR-CALDESC:Events for High Meadows Environmental Institute
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DTSTART:20261101T060000
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DTSTART;TZID=America/New_York:20261109T121500
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SUMMARY:Bradford Seminar: “Linking Ecological and Economic Models: Gross Ecosystem Product (GEP) and the Use of Ecosystem Service Information in Decision-making”
DESCRIPTION:Stephan Polasky\, regents Professor for University of Minnesota\, will present “Linking Ecological and Economic Models: Gross Ecosystem Product (GEP) and the Use of Ecosystem Service Information in Decision-making.” This seminar will be held in-person (PUID holders only) and available via livestream (open to all). \nAchieving sustainable development that simultaneously meets ecological and economic objectives requires integrating the value of natural capital and ecosystem services into economic and financial decisions. At the landscape scale\, integrated methods can show how to achieve maximum feasible combinations of various ecological and economic objectives\, such as biodiversity conservation\, carbon sequestration\, and economic returns to agricultural crops\, grazing\, and timber production. At the macro-economic scale\, there is widespread recognition of the need to move beyond GDP as a measure of progress\, in part because GDP fails to measure many contributions of nature to economic activity and human well-being. Gross ecosystem product (GEP) is a measure of the aggregate value of ecosystem services that can complement measures of GDP. We use extensive biophysical and economic data to calculate the quantity and price of more than 35 ecosystem services in 250 countries and territories using globally available data and standardized methods. We discuss data and methodological challenges in calculating GEP and opportunities to improve such calculations. We also discuss possible paths forward on integrating the value of nature into important economic and financial decisions. \nDr. Polasky is a Regents Professor and the Fesler-Lampert Professor of Ecological/Environmental Economics at the University of Minnesota where he has a joint appointment in the Departments of Applied Economics and Ecology\, Evolution & Behavior. He is co-founder of NatCap TEEMs (The Earth-Economy Modelers) at the University of Minnesota\, which is part of the Natural Capital Alliance. He served as co-chair of the Business and Biodiversity Assessment for the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES). He is currently a coordinating lead author for Nature’s Contribution to People for the 2nd IPBES Global Assessment and was a coordinating lead author for the 1st IPBES Global Assessment. He served as a Senior Staff Economist for the President’s Council of Economic Advisers and on the Board of Directors for The Nature Conservancy. He was elected to the U.S. National Academy of Sciences in 2010. \nThis event is part of the David Bradford Energy and Environmental Policy Seminar Series organized by the Center for Policy Research on Energy and the Environment (C-PREE) in the Princeton School of Public and International Affairs and co-sponsored by the High Meadows Environmental Institute (HMEI).
URL:https://environment.princeton.edu/event/linking-ecological-and-economic-models-gross-ecosystem-product-gep-and-the-use-of-ecosystem-service-information-in-decision-making/
LOCATION:300 Wallace  Hall; Online via Media Central Live
CATEGORIES:David Bradford Energy and Environmental Policy Seminar Series
ATTACH;FMTTYPE=image/jpeg:https://environment.princeton.edu/wp-content/uploads/2026/10/Polasky.jpg
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