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Is the Concept of ‘Natural Capital’ Useful?

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Abstract

With growing political momentum and a keen enthusiasm to engage business and finance in environmental management, it is useful to review the merits and pitfalls of a ‘natural capital’ approach to ensure that a sensible trajectory is being pursued. Outlined in this chapter are some recommendations for a nuanced approach to the conceptualisation of ‘natural capital’ which takes into account the benefits and potential risks.

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References

  1. DEFRA. 2013. Payments for ecosystem services: A best practice guide. Annex-Case studies. https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/200901/pb13932a-pes-bestpractice-annexa-20130522.pdf

  2. DEFRA. 2018. A green future: Our 25 year plan to improve the environment. https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/693158/25-year-environment-plan.pdf

  3. Futerra. 2015. Branding biodiversity – The new nature message. Futerra sustainability communications. http://www.wearefuterra.com/wp-content/uploads/2015/10/Branding_Biodiversity.pdf. Accessed 27 Feb 17.

  4. SEEA. 2017. The system of environmental-economic accounting (SEEA). Experimental ecosystem accounting briefing paper. https://unstats.un.org/unsd/envaccounting/workshops/int_seminar/note.pdf. Accessed 27 Jan 17.

  5. World Forum on Natural Capital. 2015. http://naturalcapitalforum.com/about/

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Correspondence to Tom H. Oliver .

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Oliver, T.H. (2018). Is the Concept of ‘Natural Capital’ Useful?. In: Anderson, V. (eds) Debating Nature's Value. Palgrave Pivot, Cham. https://doi.org/10.1007/978-3-319-99244-0_6

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  • DOI: https://doi.org/10.1007/978-3-319-99244-0_6

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  • Publisher Name: Palgrave Pivot, Cham

  • Print ISBN: 978-3-319-99243-3

  • Online ISBN: 978-3-319-99244-0

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)

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