‘Business is often unaware of its true reliance on nature… The new model for business seeks to integrate the real value of nature into its thinking’ – UK Government Ecosystem Markets Taskforce, Realising nature’s value Nearly all businesses rely on natural capital in some form, yet its importance to business performance is often routinely under-appreciated… Read more
Corporations are beginning to take the natural capital that their businesses rely on seriously. From 2013-2014 there was a 34 per cent increase in the number of corporations mentioning ecosystem service provision or natural capital in their annual reports[1]. There is also a growing awareness of the economic value of natural processes and the ways… Read more
“Climate change presents a unique challenge for economics: it is the greatest and widest-ranging market failure ever seen.” -The Stern Review on the Economics of Climate Change The loss of wild nature The loss of wild nature is a case study in what happens to mutually beneficial resources when there is no adequate accounting and… Read more