Natural Capital: Valuing the Planet
Natural capital is what nature provides to us for free. Renewables—like species—keep on coming, provided we do not drive them towards extinction. Non-renewables—like oil and gas—can only be used once. Together, they are the foundation that ensures our survival and well-being, and the basis of all economic activity. In the face of the global, local, and national destruction of biodiversity and ecosystems, economist Dieter Helm here offers a crucial set of strategies for establishing natural capital policy that is balanced, economically sustainable, and politically viable.
 
Helm shows why the commonly held view that environmental protection poses obstacles to economic progress is false, and he explains why the environment must be at the very core of economic planning. He presents the first real attempt to calibrate, measure, and value natural capital from an economic perspective and goes on to outline a stable new framework for sustainable growth. Bristling with ideas of immediate global relevance, Helm’s book shifts the parameters of current environmental debate. As inspiring as his trailblazing The Carbon Crunch, this volume will be essential reading for anyone concerned with reversing the headlong destruction of our environment.
1120582542
Natural Capital: Valuing the Planet
Natural capital is what nature provides to us for free. Renewables—like species—keep on coming, provided we do not drive them towards extinction. Non-renewables—like oil and gas—can only be used once. Together, they are the foundation that ensures our survival and well-being, and the basis of all economic activity. In the face of the global, local, and national destruction of biodiversity and ecosystems, economist Dieter Helm here offers a crucial set of strategies for establishing natural capital policy that is balanced, economically sustainable, and politically viable.
 
Helm shows why the commonly held view that environmental protection poses obstacles to economic progress is false, and he explains why the environment must be at the very core of economic planning. He presents the first real attempt to calibrate, measure, and value natural capital from an economic perspective and goes on to outline a stable new framework for sustainable growth. Bristling with ideas of immediate global relevance, Helm’s book shifts the parameters of current environmental debate. As inspiring as his trailblazing The Carbon Crunch, this volume will be essential reading for anyone concerned with reversing the headlong destruction of our environment.
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Natural Capital: Valuing the Planet

Natural Capital: Valuing the Planet

by Dieter Helm
Natural Capital: Valuing the Planet

Natural Capital: Valuing the Planet

by Dieter Helm

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Overview

Natural capital is what nature provides to us for free. Renewables—like species—keep on coming, provided we do not drive them towards extinction. Non-renewables—like oil and gas—can only be used once. Together, they are the foundation that ensures our survival and well-being, and the basis of all economic activity. In the face of the global, local, and national destruction of biodiversity and ecosystems, economist Dieter Helm here offers a crucial set of strategies for establishing natural capital policy that is balanced, economically sustainable, and politically viable.
 
Helm shows why the commonly held view that environmental protection poses obstacles to economic progress is false, and he explains why the environment must be at the very core of economic planning. He presents the first real attempt to calibrate, measure, and value natural capital from an economic perspective and goes on to outline a stable new framework for sustainable growth. Bristling with ideas of immediate global relevance, Helm’s book shifts the parameters of current environmental debate. As inspiring as his trailblazing The Carbon Crunch, this volume will be essential reading for anyone concerned with reversing the headlong destruction of our environment.

Product Details

ISBN-13: 9780300213942
Publisher: Yale University Press
Publication date: 05/12/2015
Sold by: Barnes & Noble
Format: eBook
Pages: 296
File size: 496 KB

About the Author

Dieter Helm is Fellow in Economics, New College, Oxford. He is also Professor of Energy Policy and Professorial Research Fellow, Smith School of Enterprise and the Environment, University of Oxford. He lives in Oxfordshire, UK.

Table of Contents

Preface and Acknowledgements vi

List of Abbreviations xi

Introduction: Taking Natural Capital Seriously 1

Part 1 What Is Sustainable Growth?

1 Facing up to the Challenges 19

2 Sustaining Economic Growth 37

3 Denning the Aggregate Natural Capital Rule 55

Part 2 How Can Natural Capital Be Measured?

4 Accounting for Natural Capital 79

5 Measuring Natural Capital 97

6 Pricing and Valuing Natural Capital 116

Part 3 What Needs to Be Done?

7 Compensating for Damage 139

8 Taxing Pollution 160

9 Protecting the Commons 179

Part 4 How Can It Be Done?

10 The Prize: Restoring Natural Capital 201

11 Finance: Paying for Natural Capital 220

12 Conclusion 240

Notes 248

Bibliography 260

Index 266

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