Biodiversity provides important environmental services at global, regional, and local levels. It is essential for ecological processes like nutrient fixation, soil formation, air and water circulation, and maintaining water balances and flows. Biodiversity has consumptive use value as local people collect food, fodder, fuel wood and other materials from forests for subsistence. It also has productive use value as these forest products are sold in markets. Additionally, biodiversity has social, ethical, aesthetic, and option values for societies and future generations.