In a paper in Proceedings of the National Academy of Sciences, a team devised a formula to determine the worth over time of natural capital, using the dollar value of groundwater in the U.S. state of Kansas as an example.
From around the web
A formula for computing the price of natural capital was published in Proceedings of the National Academy of Sciences.
Animal, plant and marine biodiversity comprise the "natural capital" that keeps our ecosystems functional and economies productive.
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.
InVEST predicts that by 2030 one of the last remaining forests in Cambodia will face major reductions in forest cover, carbon storage, and loss of non-timber forest products if deforestation continues at its current rate.
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.
An infographic showing how forests clean the air and water, offset climate change, and provide food and habitat for wildlife.
A blog on what Ireland can learn from the Finnish approach to national ecosystem service mapping and valuation.