Last week we provided a link to an article by George Monbiot criticizing using the idea of natural capital to inform conservation measures. The Natural Capital Coalition have issued a response. They state that natural capital proponents share his concern with ‘pricing’ and do not advocate the ‘pricing of nature’. Their core assertion is that prices have failed to reflect the true value of the natural world, and that the economic systems that we are using are broken.  The intention is to illuminate this hidden value, whether it be economic, social, environmental, cultural or spiritual value, and whether this value is expressed in qualitative, quantitative or monetary terms. Natural capital assessments, and the use of valuations, monetary or otherwise, supplies the information necessary to highlight solutions, and inform decisions. Make up your own mind. Click here to read more. Click here to read the original article again.

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