Economically Evaluating Wetlands

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Wetland is a term that can be used to describe wet habitats, such as bogs, fens, marshes etc., that experience either permanent or occasional inundation of water that allows either for hydrophytes to establish or for hydric soil to form (EPA, 2005).
Additionally wetlands can be termed as ecotones, as these locations transition between aquatic and dry land ecosystems and in spite of these systems being incredibly diverse from each other they are very much dependent on each other for the establishment of the unique wetland ecosystems (Mitsch & Gosselink, 1993).
 The Role of Wetlands
Wetlands are vital and highly valued ecosystems as they perform several key functions such as flood prevention due to the fact that they act as water storage reservoirs, water purification services, can replenish ground water in order to maintain a stable water table, prevent shoreline erosion and act as carbon sinks (Hey & Philippi, 1995: Gilliam, 1994: Ramsar, 2011a, Roulet, 2000). Additionally wetlands provide a habitat for a vast and diverse range of species and these ecosystems are widely considered to the most productive and biologically diverse ecosystems in existence (Ramsar, 2011b).

 Threats to Wetlands
Wetland systems represent only 6% of the world’s total land area and In spite of the important functions provided by wetlands ecosystem, they are now classed as one of the most threatened ecosystems in the world (Matthews & Fung, 1987). This is due to the fact that more than 50% of global wetlands have been degraded or destroyed in the last 100 years due to human activity (Gammeltoft & Murphy, 2007).
However the importance of wetlands is now widely recognised and due to the implementation of several directives, such as the EU Habitats Directi...

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