Abstract
Pursuit of multiple avenues can speed incorporating the value of natural capital and ecosystem services into operations of individuals and institutions, such as businesses, government, development banks, nongovernmental institutions, and households. As Phelps et al. (1) rightly point out, the PNAS Special Feature (2) and much of the existing literature have not focused extensively on incorporating impacts on ecosystem services into liability for environmental damages. Like Payment for Ecosystem Services schemes, liability for damages caused to ecosystem services creates incentives to …
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