Valuing Natural Capital: Have your Say
The Natural Capital Initiative has published an article for comment on the ‘Future Countryside’ website. Future Countryside has been established by the Shadow Environment Secretary, Conservative MP Nick Herbert, to debate new ideas in environment policy.
In the article members of the Natural Capital Initiative, a partnership between the Society of Biology, the Centre for Ecology and Hydrology and the British Ecological Society, discuss whether movements towards valuing biodiversity and ecosystem services represent a paradigm shift amongst policy-makers and within the scientific community. Yet, say the NCI, policy is running far ahead of the ability to put an accurate ‘price’ on nature. The article calls for an approach which integrates monetary and other approaches to valuation as a way forward which reflects the true worth of society’s natural capital.
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