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21-23 MARCH 2017

Final OpenNESS Annual Meeting in Smolenice, Slovakia

OpenNESS Glossary beginning with M


Marginal Abatement Costs search for term

The cost of reducing an incremental unit of an undesirable substance, such as a pollutant or carbon.

Marine System search for term

Marine waters from the low-water mark to the high seas that support marine capture fisheries, as well as Deepwater (>50 meters) habitats. Four sub-divisions (marine biomes) are recognized: the coastal boundary zone; trade-winds; westerlies; and, polar.

Market Failure search for term

*The inability of a market to capture the full value of ecosystem services and/or the costs of their loss/degradation.

Market-Based Instruments search for term

Mechanisms that create a market for ecosystem services in order to improve the efficiency in the way the service is used. The term is used for mechanisms that create new markets, but also for instruments such as taxes, subsidies, or regulations that affect existing markets.

Mitigation search for term

The action of making the consequence of an impact less severe.

Monetary Valuation search for term

*The process whereby people express the importance or preference they have for the service or benefits that ecosystems provides in monetary terms. See 'Economic valuation'.

Multi-Criteria Decision Analysis (MCDA) search for term

Multi-Criteria Decision Analysis (MCDA) is a non-monetary valuation method for simultaneously embracing, combining, and structuring often incommensurable diversity: diversity of information (e.g. qualitative and quantitative data, as well as uncertainty), diversity of opinion (also among experts), diversity in actor perspectives (stakes), and diversity in assessment/decision-making criteria. MCDA also supports deliberation and helps to pave the way to decision making and communication about the decisions taken.

Multi-Disciplinarity search for term

Linking several academic disciplines or professional specializations in an approach to a topic or problem; however, the disciplines retain their identity and perspective, unlike the situation with interdisciplinary approaches.

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