The Dasgupta Interim Review on the Economics of Biodiversity – Feedback

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 →

The balance sheet of nature? On making monetary value of UK ‘natural capital’

… 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’ →

Extraction old and new: mining the desert in southwestern Africa

By Mike Hannis and Sian Sullivan, for the Future Pasts research project. At the extreme southern tip of Africa in 1652, the world’s first trans-national corporation began establishing a new port. The powerful Dutch East India Company (Verenigde Oost-Indische Compagnie, or VOC) initially just wanted a resupply point for ships rounding the Cape on … Continue reading Extraction old and new: mining the desert in southwestern Africa →

‘Ecosystem services’  and the role of the market:  a concerned view

Notes from an invited talk given as part of a Public Dialogue on the UK's National Ecosystem Assessment, held at the Royal Society London in 2014. There are a range of different ways of representing the relatively new term and concept of ‘ecosystem services’. Here's one: As you can see, in this image ‘cultural … Continue reading ‘Ecosystem services’  and the role of the market:  a concerned view →

The natural capital myth

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 →

Biodiversity conservation, financialisation and equity: some currents and concerns

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 →

Offsetting nature

'Mike Hannis and Sian Sullivan explore the strange world of biodiversity offsets and habitat banking', for The Land Magazine. Land use planning is a key arena for the spectacles of localism and marketisation being staged by our self-proclaimed greenest government ever. The new “presumption in favour of sustainable development” aims to encourage housebuilding and other … Continue reading Offsetting nature →

The business of bio(cultural) diversity?

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? →

The environmentality of ‘Earth Incorporated’

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’ →

For the G20 Alternative Summit, London 2009

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 →