The Making of ‘Natural Capital’ Increasingly, it seems, nature is actually money. The contemporary moment of global crisis in both ecological and economic spheres is also the moment wherein ‘Nature’ is being refashioned as ‘Natural Capital’. Key interlocking elements thus are joining the previously rather separate domains of economics, business and finance, with ecology, environmentalism and conservation. … Continue reading The natural capital myth
1. On elephants and economics In 1993, Australian ecologist Graeme Caughley published a paper on elephant conservation and market reasoning in Conservation Biology. Responding to proposals that clear ownership designations and the ability to sell harvested ivory on a free market would incentivise the conservation of African elephants, he showed that this approach might … Continue reading Biodiversity conservation, financialisation and equity: some currents and concerns
By 2030, carbon will be the largest commodity market in the world: $1.6-2.4 trillion, about the same as the current oil market. The first UK project allowing builders to buy ‘credits’ in conservation schemes, to offset the damage they are doing elsewhere, has been launched... experts believe the industry could become worth billions of pounds … Continue reading A technological recipe for making nature the friend of capital
On 8 July, an opinion piece was published in the journal Nature under the title ‘The Business of Biodiversity‘. In it, Ricardo Bayon of EKO Asset Management Partners, and Michael Jenkins, Director of Forest Trends, argue that: ‘Imposing a price on natural resources and ecosystem services is by far the most effective way of forcing … Continue reading The business of bio(cultural) diversity?
Notes on the poverty of constructing nature as service-provider Everyone has the right to freedom of opinion and expression; this right includes freedom to hold opinions without interference and to seek, receive and impart information and ideas through any media and regardless of frontiers. (UN Declaration of Human Rights, article 19) This post consists of … Continue reading For the G20 Alternative Summit, London 2009