Ecological product value realization: Lessons learned from practice in China
The 2030 Agenda for Sustainable Development, adopted at the 70th session of the United Nations General Assembly, marks the beginning of a new era for humanity to move toward a sustainable society. The ecosystem and socioeconomic system constitute a more grand and complex system with a close relation...
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| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2025-12-01
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| Series: | Sustainable Futures |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2666188825004769 |
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| Summary: | The 2030 Agenda for Sustainable Development, adopted at the 70th session of the United Nations General Assembly, marks the beginning of a new era for humanity to move toward a sustainable society. The ecosystem and socioeconomic system constitute a more grand and complex system with a close relationship between socioeconomic and ecological elements. The realization of the value of ecological products plays a fundamental and complex role in promoting sustainable development goals. Through a literature review and practical experience in related fields, as well as analyses of three typical cases in different geographic locations in China, we find that the reform approach of turning ''ecological resources into ecological assets, owned capital into share capital, and householders into shareholders'' has broadened the opportunities to realize the value of ecological products. Specifically, the conversion of ecological value can be realized using ecological protection compensation, ecological industrialization operation, and the property rights trading of ecological resources. The realization of the value of ecological products provides a new model and practice for effectively responding to climate change, improving the quality and stability of ecosystems, promoting equity, and thus realizing sustainable development. China's experience and practices have improved the residents' well-being and financial standing while preserving ecology, and these successes provide references for countries facing development dilemmas similar to those in China. |
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| ISSN: | 2666-1888 |