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Policy news & blueprints for the transition to a new Sustainable and Social Economy
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Monetizing Nature: Taking Precaution on a Slippery Slope

Monetizing Nature: Taking Precaution on a Slippery Slope | The Great Transition | Scoop.it
In embracing the monetary valuation of nature as a strategy for mobilizing support for environmental conservation, environmentalists are resigning themselves to a political status quo that can only comprehend value in terms of money and markets. By viewing ecosystems and their services through a pecuniary lens, monetization profoundly changes our relationship with nature, and, if taken to the point of commodification, can subject the fragility of nature’s balance to the destructive logic and volatility of markets.
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Very good article on the dangers of putting a price on ecoservices.

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Ignoring natural capital could see countries' credit ratings downgraded

"A report by the UN Environment Programme's Finance Initiative (UNEP FI) says loss of soils, forests, and fisheries, as well as rising resource costs, are likely to become increasingly important to a nation's economic health – and may therefore affect its ability to repay or refinance sovereign debt."

 

This excellent report makes the link between the world's financial debt crisis and the global ecological debt crisis. The debate on austerity gets a completely different dimension if you look at this double challenge.

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Putting a price on the rivers and rain diminishes us all

Putting a price on the rivers and rain diminishes us all | The Great Transition | Scoop.it

"By turning the natural world into a subsidiary of the corporate economy, it reasserts the biblical doctrine of dominion. It slices the biosphere into component commodities: already the government's task force is talking of "unbundling" ecosystem services, a term borrowed from previous privatisations. This might make financial sense; it makes no ecological sense. The more we learn about the natural world, the more we discover that its functions cannot be safely disaggregated."

 

Good article by George Monbiot on the monetisation of nature.

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GRI Proposes Metrics for Firms’ Ecosystem Benefits

GRI Proposes Metrics for Firms’ Ecosystem Benefits | The Great Transition | Scoop.it

The Global Reporting Initiative has proposed a new approach for organizations to examine ecosystems as “service providers."

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Putting a Price Tag on Nature’s Defenses

Putting a Price Tag on Nature’s Defenses | The Great Transition | Scoop.it
A new study estimates the trillions of dollars of protection that ecosystems provide, although not everyone buys the premise.
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Defenses provided by ecosystem services like coral reefs etc. are worth $142.7 trillion a year but our current economic system is destroying these services at a rate of 16.2 trillion dollars a year.

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What’s Wrong with Putting a Price on Nature?

What’s Wrong with Putting a Price on Nature? | The Great Transition | Scoop.it
The concept of pricing ecosystem services and allowing them to be bought and sold has gained wide acceptance among conservationists in recent years.

 

Excellent article in Yale's Environment 360 on the debate about pricing of natural capital.

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Is business getting serious on risks of ecosystems collapse?

"Companies depend on and impact the services that healthy ecosystems provide such as freshwater, wood, water purification, carbon sequestration, pollination and natural hazard protection. Degradation of these “ecosystem services,” therefore, can pose a number of risks to corporate performance, as well as create new business opportunities. Making the connection between the health of ecosystems and the business bottom line is essential – but how?"

 

Interesting new report written by the World Resources Institute and the World Business Council for Sustainable Development.

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