nature noun (LIFE) all the animals, plants, rocks, etc. in the world and all the features, forces, and processes that happen or exist independently of people, such as the weather, the sea, mountains, the production of young animals or plants, and growth… the force that is responsible for physical life and that is sometimes spoken of as a person.1
natural adjective (NOT ARTIFICIAL) as found in nature and not involving anything made or done by people.2
capital noun (MONEY) money and possessions, especially a large amount of money used for producing more wealth or for starting a new business.3
Natural Capital can be defined as the world’s stocks of natural assets which include geology, soil, air, water and all living things. It is from this Natural Capital that humans derive a wide range of services, often called ecosystem services, which make human life possible.4
There’s an emergent view that natural capital is the new asset class for the future.5
This site shares essays written since the financial crisis of 2008 on financialisations of nature that have intensified in the wake of this crisis.
By ‘financialisation’ I mean two things –
- a revisioning and rewriting of the natural world in terms of financial terms and concepts
- the turning of banks and financiers to environmental conservation activities as new possibilities for speculative investments and products
The essays listed below were written for audiences beyond academia. They were intended to communicate to policymakers, environmental conservation professionals, social movements, advocacy campaigns, and the general public. They build on research and reflections developed for peer reviewed academic publications.
I have brought the essays together here to make them more easily available. I have done so because of my concern that new elisions between ‘nature’ and ‘capital’ may amplify (rather than redress) environmental concerns, whilst simultaneously deepening economic inequalities that are themselves linked with environmental damage.
I hope you find value in the essays shared here.
Please feel free to get in touch.
- On bioculturalism, shamanism and unlearning the creed of growth
- An Ecosystem at your service?
- For the G20 Alternative Summit, London 2009
- Green capitalism, and the cultural poverty of constructing nature as service-provider
- The Environmentality of ‘Earth Incorporated’
- The business of bio(cultural) diversity?
- Supposing truth is a woman? – a commentary
- A technological recipe for making nature the friend of capital
- Green: going beyond ‘the money shot’
- Biodiversity conservation, financialisation and equity: some currents and concerns
- Offsetting nature
(2012, with Mike Hannis)
- Chess or go?
- The Aurora affect
- The natural capital myth
- Plenary Panel with Pavan Sukhdev at the 2013 Trondheim Conference on Biodiversity
- Should nature have to prove its value?
- At the Edinburgh Forums on Natural Capital and Natural Commons
- ‘Ecosystem services’
and the role of the market:
a concerned view
- On ‘natural capital’ and ‘ecosystem services’ in the proposed Nature and Wellbeing Act
- Reflections on Clyde Reflections
- On climate change ontologies and the spirit(s) of oil
- Notes on ‘Natural Capital’ and ‘fairytales’
- I’m Sian, and I’m a fossil fuel addict. Paradox, disavowal and (im)possibility in changing climate change
- Why are pastoralists poisoning lions in west Namibia?
- Nature is being renamed as ‘natural capital’ – but is it the planet that profits?
- Noting some effects of fabricating ‘nature’ as ‘natural capital’
- Mining the desert
(2018, with Mike Hannis)
- Nature 3.0: will blockchain technology and cryptocurrencies save the planet?
- How many fingers am I holding up?
- The balance of nature? On making monetary value of UK ‘natural capital’
- The Dasgupta Interim Review on the Economics of Biodiversity – Feedback
What People Say
“Sian Sullivan’s work is a serious provocation to that large and growing community of researchers and practitioners who readily – and often too uncritically – assemble around the concepts of ecosystem services and natural capital. Her research has helped immeasurably to clarify and extend my own thoughts and approaches in this area.”
–Dr Rob Fish, Reader in Human Ecology, Director of Research and Research Ethics, Co-Director, Kent Interdisciplinary Centre for Spatial Studies (KISS), Co-ordinator of NERC Valuing Nature Programme, May 2020
“The terminologies of our political economy are fraught with many dangerous self-delusions that affect how we see and shape the world. Sian Sullivan rigorously excavates this hidden mindspace to reveal some deep, uncomfortable truths and catalyze the change we need. … Her writings are a refreshing forensic account of how we have financialized our understanding of nature, warping our souls in the process — and how we need to rehumanize ourselves with a new vocabulary of value.”
–David Bollier, commons scholar/activist at the Schumacher Center for a New Economics, and lead author of Re-imagining Value: Insights from the Care Economy, Commons, Cyberspace and Nature (2017), May 2020. See David’s blog Our modern obsession with financializing nature.
“Sian’s reflections are always inspiring and unconventional, offering new and exciting ways to see and interpret the unresolved and increasing – since the 2008 financial crash – contradictions of capitalism’s relation to non-human nature”
–Dr Elia Apostolopoulou, University of Cambridge, April 2020
- World Forum on Natural Capital 2017
- Peter Carter, formerly Chief Environmentalist, European Investment Bank (EIB), summing up final session on finance at the conference To No Net Loss of Biodiversity and Beyond, London, June 2014, personal notes.