What is the economic value of a stream, a flock of birds, a tree in the forest, or the local weather? What is the economic cost when these resources are damaged, lost, or changed?
It’s hard to say for certain since our economic model, up to this point, wasn’t designed to account for basic “ecosystem services”; only the resources we extract from them.
Yet every company, government, organization, or community in one way or another, relies on the resources, services, and well-being of the natural world.
The Natural Capital Protocol is a framework that is designed to help organizations “identify, measure, and value their direct and indirect impacts and dependencies on natural capital.”
Identifying and valuing the natural capital that intersects with an organization’s operations allows for more informed decision making. Ensuring the long-term health and viability of businesses, organizations, communities, and natural ecosystems.
The Natural Capital Protocol: https://naturalcapitalcoalition.org/natural-capital.../
Image Source: http://www.metrovancouver.org/.../EcosystemServices.jpg
Comments