On 30th April 2020, an Interim Report on The Economics of Biodiversity was published by the UK government. Commissioned by UK Treasury and led by economist Professor Sir Partha Dasgupta, the report is shorthanded as 'The Dasgupta Review', following the tradition established by the 2014 'Stern Review' on The Economics of Climate Change authored by … Continue reading The Dasgupta Interim Review on the Economics of Biodiversity – Feedback
… capitalism cannot be fully attained or practiced [sic] until... we have an accurate balance sheet [that places] natural capital on the balance sheets of companies, countries, … [and] the world. A global consolidation of ecological accounting, and particularly natural capital accounting, aims to make nature values visible both as stocks of ‘natural capital’ and … Continue reading The balance sheet of nature? On making monetary value of UK ‘natural capital’
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
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?
In the James Bond film Quantum of Solace, the villainous business tycoon Domenic Greene, makes a moving (and familiar) speech to potential company sponsors at a spectacularly glamorous, environmental fund-raising gala in Bolivia. He states: We are in a spiral of environmental decline. Since 1945 17% of the planet's vegetated surface has been irreversibly degraded. … Continue reading The environmentality of ‘Earth Incorporated’
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