When nature is well managed, many sectors of the economy thrive – agriculture benefits from good soil and plentiful water; fisheries are rewarded with valuable catches; coastal cities are better protected from storms.
Natural resources lie at the heart of all human development stories from the first settlers who tilled the soil to later civilizations who have relied on resource extraction. Today, nature holds a powerful solution to development and environmental challenges, blogs Justin Adams, Global Managing Director of Lands at The Nature Conservancy.
Implemented by the Ministry of Environment and Tourism and GIZ, the project aims to strengthen biodiversity conservation by ensuring the value of ecosystems and their services are documented and integrated into Namibia's national accounting and governance planning process.
Coral reefs are worth £6tn a year in services they provide for people - almost four times as much as the UK economy - an assessment of the value of natural assets has found in the ‘Earth Index’ drawn up for BBC Earth.
In this Radiolab interview that was heard on National Public Radio in the United States, WAVES Chief Technical Advisor (and former Program Manager) Glenn-Marie Lange is one of the guests discussing understanding nature in terms of dollars and cents and the value provided by ecosystems. But some people argue it actually devalues something that should be seen as priceless.