Capitalizing on Nature: Ecosystems as Natural Assets
Cambridge University Press, 9/8/2011
EAN 9781107007277, ISBN10: 1107007275
Hardcover, 336 pages, 23.5 x 15.8 x 2 cm
Language: English
The basic unit of nature – the ecosystem – is a special form of wealth, which we can think of as a stock of natural capital. However, perhaps because this capital is free, we have tended to view it as limitless, abundant and always available for our use, exploitation and conversion. Capitalizing on Nature shows how modeling ecosystems as natural capital can help us to analyze the economic behavior that has led to the overuse of so much ecological wealth. It explains how this concept of ecosystem as natural capital sheds light on a number of important issues, including landscape conversion, ecological restoration, ecosystem resilience and collapse, spatial benefits and payments for ecosystem services. The book concludes by focusing on major policy challenges that need to be overcome in order to avert the worsening problem of ecological scarcity and how we can fund novel financing mechanisms for global conservation.
List of figures
List of tables
List of boxes
Preface
Acknowledgements
1. Ecological scarcity as an economic problem
2. Ecosystem services and ecological landscapes
3. The basic natural asset model
4. Spatial variation in ecosystems
5. The open economy
6. Ecological collapse
7. The way ahead
8. Policies in the age of ecological scarcity
Index.