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
Putting A Dollar Value On Natural Resources Is Key To Good Policymaking
(Newsweek)
February 09, 2016
Economists Keep Saying We Should Put a Price on Nature. Now They’ve Finally Done It.
(The Washington Post)
February 08, 2016
A formula for computing the price of natural capital was published in Proceedings of the National Academy of Sciences.
Valuing Biodiversity as a Key Driver of Sustainable Development
(World Bank)
February 03, 2016
Animal, plant and marine biodiversity comprise the "natural capital" that keeps our ecosystems functional and economies productive.
The New Phase in the Evolution of Natural Capital Accounting
(GreenBiz)
January 27, 2016
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.
WWF Mapping Project Shows Mondulkiri Forest in Danger
(Phnom Penh Post)
January 26, 2016
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.
Business Meets Biodiversity to Conserve and Value Africa’s Ecosystems
(Birdlife International)
January 19, 2016
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.
Counting a Billion Trees
(The Express Tribune)
January 16, 2016
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.’
More Data Required to Monitor Natural Capital
(Royal Society of Biology)
January 12, 2016
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.
Infographic: The Real Beauty of Forests
(National Forest Foundation)
January 05, 2016
An infographic showing how forests clean the air and water, offset climate change, and provide food and habitat for wildlife.
Making Nature Count: Indicators for Ecosystem Services and Natural Capital
(Irish Forum on Natural Capital)
January 04, 2016
A blog on what Ireland can learn from the Finnish approach to national ecosystem service mapping and valuation.