Capitalizing on nature
Subtitle: ecosystems as natural assets
By: Edward B. Barbier
Publisher: Cambridge University Press
Published: 2011
Place of publication: Cambridge; New York
Language: eng
ISBN-13: 9781107007277; 9780521189279
Subjects: BUSINESS & ECONOMICS / Environmental Economics; Ecosystem management; Environmental economics
Description: "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"--
Notes: Includes bibliographical references and index.
Table of contents: title: Machine generated contents note: 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.