Valuing Natural Capital
Valuing Natural Capital
Can we place an economic value on natural capital, and if so, is this a useful exercise? We can value many aspects of natural capital, though this raises complex technical issues and also deep philosophical questions. In some cases natural capital is bought and sold on markets, so we can look to these for prices: in other cases we have to put in some detective work to track down a measure of value. The values that we find are large, consistent with the idea that natural capital is of great importance.
Keywords: Natural capital, Watershed, Forest, Hydropower, Pollination, Bees, Biodiversity, genetic variation
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