Select the incorrect statement from the following.

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US $33 trillion a year is the price tag given to ecosystem services.

The global gross national product is nearly half of the price tag given to ecosystem services.

Of the total of various ecosystem services, the soil formation accounts for about 50 per cent.

The cost of climate regulation and habitat for wildlife are about 6 percent together.

answer is D.

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Detailed Solution

An American ecological economist, Robert Constanza with his team worked out the monetary value on natural ecosystem services. His work research estimated that ecosystem services cost approx. US $33 trillion per year. These services are largely considered free. Of the total cost for the services, nearly 6% each for climate regulation and habitat for wildlife. Together is 12%. Soil formation accounts for 50%.

The cost of climate regulation and habitat for wildlife are about 6 per cent each.

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