Victor (2020) critiques monetary valuation of nature for what reason?

• A. It argues monetary valuation fully captures ecological systems.
• B. It claims only biological diversity matters for the economy.
• C. It critiques monetary valuation and notes not all values captured.
• D. It supports commodification of nature.

Answer: (C)

Monetary valuation tries to assign a price to nature, but Victor (2020) argues this approach is limited because it cannot capture the full range of values ecosystems provide. While it can reveal some economic trade-offs, many important aspects—such as existence values, cultural and spiritual significance, intrinsic worth, and the resilience and functions of ecological systems—aren’t easily priced or are difficult to quantify. This means decisions guided by price alone can overlook crucial benefits and trade-offs, misrepresent future costs, and risk incentivizing harmful use of nature just because it’s economically priced.

So, the best answer is that monetary valuation is critiqued and that not all values are captured. The other statements don’t fit because they either overstate what valuation can do, ignore the broader values beyond biodiversity, or advocate for commodification, which isn’t the critique being referenced.