Ecosystem services such as clean water from forests are free, but now their value is being recognized. Entrepreneurs are developing markets for these services and providing incentives for conservation.
Robert K. Fleck, F. Andrew Hanssen
Environmentalists, politicians, and scholars express concern about a "race to the bottom" in environmental policy. Yet economic theory indicates that a race to the bottom in environmental policy is highly unlikely, and there is little evidence that such races have, in fact, occurred.