Toward a relational biodiversity economics: Embedding plural values for sustainability transformation
The prioritization of market over nonmarket values of nature is a key driver of the global biodiversity crisis. Recognizing nature’s diverse values in decisions is a fundamental lever for sustainability transformation. While economic valuation of nature has a long history, it has struggled to recognize the full suite of nature’s values, particularly the broad, relational, intrinsic, and shared values reflecting the complexity of human–nature relationships.