In this chapter I analyze the socie1al value of a Swedish wetland system with respect to the various economic functions such as cleansing nutrients and ponutants, maintaining the level and quality of the drinking water, processing sewage, serving as a filter to coastal waters, sustaining genetic diversity and preserving endangered species. The major part of such life-support functions have been lost, due to extensive exploitation. I evaluate the loss in terms of the reduced solar energy fiXing ability (Gross Primary Production, GPP) and the deterioration of the stored peat, and compare it to the cost of replacing these environmental functions with technical processes, estimated in monetary terms and industrial energy terms. Such substitutes include irrigation dams, water transportation, well-drilling, water purification, sewage treatment plants, fertili7ers, flSh farming, and efforts to save endangered species. I fmd that the undiscounted annual mone1ary replacement cost .m of the order 2.5 to 7 million Swed.mh crowns (US$0.4-1.1 million), and that the annual industrial energy cost between 15 a1Xl50 TJ approaches the annualla!s of GPP of 55 to 75 TJ, when both are expre&'led in units of the same energy quality (fossil fuel equivalents). The major part of the technical replacements concerns biogeochemical processes and the hydrological cycle. Not more than about 10 per cent are related directly to the biological part of the wedand system. The present biophysical anal}'SB serves ~m an indicator of the true lifesupport value of a wetland system, and is thus a useful complement to economic analys.m. It .m concluded that ecosystems perform a lot of valuable and necessary work at no cost, and that industrial technologies should be developed to supplement and enhance this support instead of having to replace it when it has already been destroyed 142 CarlFolke