Natural Capital : What is nature worth?

There is growing interest among policy makers about the importance of protecting and enhancing natural capital to support sustainable growth and development.

Here are videos on natural capital that might be useful for students and others who are new to the idea and who might want to look at it as part of their study of environmental and development economics.
Big Question: What is nature worth?
Plants, animals, even entire ecosystems are disappearing from the Earth. So what? In “What Is Nature Worth?”, the University of Minnesota’s Institute on the Environment offers a three-minute look at what biodiversity loss is really costing us — and what we can do about it

Interview with Joshua Bishop, Chief Economist IUCN.

Joshua Bishop is a natural resource and environmental economist whose work focuses on the interface of conservation and development. He is serving as the Business and Enterprise Coordinator for the TEEB (The Economics of Ecosystems and Biodiversity) study.

Beyond the human, financial and industrial capital that we usually measure and manage, there’s a whole other set of assets that we need to be thinking about – Natural Capital.

Natural capital accounting
Thomson Reuters Foundation and the World Bank have jointly produced this video explaining the concept of “natural capital accounting” in the run-up to the Rio+20 summit on sustainable development. The seven-minute video news release (VNR) was created as part of a World Bank campaign for countries to carry through on promises to include the full value of natural resources in their national income accounts.

“Natural capital accounting would add to GDP an understanding of the wealth that is stored in our natural resources — the wealth upon which we depend for a lot of that income: minerals before they’re mined, forests before they’re felled, water whilst it is in the rivers and clean,” says Rachel Kyte, the World Bank’s vice president of sustainable development and one of the experts interviewed.

Produced by the Foundation’s award-winning multimedia team with funding from the World Bank, the video explores how natural capital accounting could help countries to measure who benefits and who bears the cost of changes to ecosystems. It includes interviews with Lester Brown, founder of the Earth Policy Institute; Alvaro Umana, Costa Rica’s former environment minister; Carolina Urrutia of Colombia’s National Planning Department; Tom Griffiths of the Forest People Programme; and Laisa Santos Sampaio, a Brazilian rainforest activist.

Any opinions expressed in the VNR are those of the World Bank or the speakers interviewed and not of Thomson Reuters Foundation.

The Now Show – Natural Capital Assessment
In june 2012, the government decided to look into the economic resources of nature. Copyright BBC/Punt & Dennis etc, this is one of those times where the jokes just write themselves.

Chile’s biosphere reserve in heart of Patagonia
Humanity may be responsible for countless attacks on nature. But at a nature reserve in Chile, efforts are being made to protect bio-diversity – and earn money. Al Jazeera’s Lucia Newman reports from Neltume in the Patagonian jungle.

What is nature worth? Interview with Dr. Gretchen D. Daily
“We need a new business model,” says Dr. Gretchen C. Daily. “What we need to start doing is recognizing the value of many other types of benefits [from nature], like water purification, climate stabilization, and biodiversity.”



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