Summary: Economists keep saying we should put a price on nature. Now they've finally done it.2/25/2016 "Economists keep saying we should put a price on nature. Now they’ve finally done it."
Chelsea Harvey, Washington Post Natural Capital presents a useful tool as CFFP looks to measure environmental returns on investment. This measurement accounts for nuances and fluctuations that allow analysts to evaluate sustainability for the long term. Article Summary A group of faculty at Yale School of Forestry and Environmental Studies has been working closely with economists to create a formula that describes the value of nature related assets, known as Natural Capital. Previously, economists had described the value of nature through “ecosystem services”, which better represents the flow of natural assets like income. On the other hand, natural capital represents the whole of natural assets like wealth. In this way natural capital is a more accurate representation of those assets, looking at the whole value of assets after the (sometimes unpredictable) effects of industrial endeavors and “green” interventions alike.
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