A blog by WAVES Senior Environmental Economist Juan Pablo Castaneda on NCA efforts and the importance of working with partners in Latin America where immense natural resources are being depleted.
A formula for computing the price of natural capital was published in Proceedings of the National Academy of Sciences.
Greece is not just running a fiscal deficit; it is also running an ecological one. It would need the total ecological resources and services of three Greeces in order to meet its citizens’ demand on nature for food, fiber, timber, housing, urban infrastructure, and carbon sequestration.
There are two ways our economies can grow, ecological economists point out: through technological change, or through more intensive use of resources. Only the former, they say, is worth having.