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.
In open-access settings, high-quality resources are lucrative; yet keeping out potential entrants may be extremely costly.
Most claims of environmental good from recycling are myths. Recycling often uses more resources than it saves.
More than 30 years after the homeless garbage barge Mobro 4000 put recycling on the front pages, recycling remains a poster child for many who consider themselves environmentalists.
Water rights have evolved in recent years as parties express desires to sell, lease, or give water for environmental or recreational purposes.