The prices of foodstuff generally do not include contributions made by nature, such as clean water or fertile farmland. Some are trying to change that.
Dow is working with The Earth Genome to test new software that crunches data to help assign monetary value to the natural world and calculate the environmental impact of its work.
With NCA, environmental scientists are collaborating with economists and statisticians to bring environmental impacts and dependencies to light, within accounting systems. This article reviews tools and approaches for business, and mentions WAVES' work taking NCA forward in the public sector.
This article and video highlights the Pan-African Business & Biodiversity Forum to promote increased sustainability within Africa’s development agenda through the mainstreaming of natural capital and business-civil society cooperation.
The Billion Tree Tsunami initiative is helping to shift the current mindset of treating forests as ‘timber revenue’ machines towards one that considers treating them as valued ‘natural capital.’
Speakers gave a broad overview of science, policy and business practice on natural capital monitoring and data use at a Natural Capital Initiative meeting in London.
It is now understood that healthy functioning peatlands are a key part of our natural capital worth billions in terms of the services they provide for biodiversity, water regulation and carbon storage.
Mathew Parr, Senior Advisor in Natural Capital at the IUCN National Committee of the Netherlands, blogs that there are many in economics and business who understand that the path to a brighter, more prosperous future involves understanding and maintaining natural capital.
Last week, 600 attendees from 45 countries gathered in Edinburgh for the second World Forum on Natural Capital, organized by the Scottish Wildlife Trust in association with its international partners.