This article develops an approach that applies macroeconomic concepts to the interpretation of complex, water related global phenomena. By translating and reinterpreting these processes into a language that is more accessible to a broader audience otherwise unaccustomed to its terms will likely help sharpen our understanding about the climate instability and its driving forces.
For economists, we describe climate-forming natural processes in a manner consistent with the fundamentals of the mainstream approach. For non-economists, parallels from economically determined, relatively short-term observations can be applied conceptually to identify dynamics which occur over much longer and therefore more elusive natural occurrences, in particular considering the role of forests and how persistent land conversion over a millennium has shaped the earth’s surface and impacted climate stability.
Features of the terrestrial water cycle is in the focus of the discussion as the set of “supporting ecosystem services” highlighted in the Millennium Ecosystem Assessment (MEA) that identifies with the ground phase of the terrestrial water cycle, taking the concept beyond the ecosystem service perspective and interpret the supporting ecosystem service group as a planetary service. Ecosystem and planetary services describe the different but connected features of natural processes on different scales in the same way that microeconomic and macroeconomic perspectives do about the economy.
Building upon the MEA’s association of human wellbeing with ecosystem features, the intensity of the terrestrial water cycle serves as a physical indicator and measure of the natural basis of well-being creation.
Az előadás a mellékelt tanulmányon alapul.