Dollar values and intrinsic values: can they co-exist?


It has been a long time between posts, and this current post covers an area that I've been musing over for an equally long time (and then some!). At the IUCN World Parks Congress in November 2014, I had been struck by how mainstream the idea of  Natural Capital Accounting (NCA) already was (NCA can also be referred to as Environmental Accounting or Full Cost Accounting). I had been aware of the 1997 paper by Costanza et al. on the value of the world's ecosystem services and natural capital, and the work by The Economics of Ecosystems & Biodiversity (TEEB) to mainstream the economic visibility of nature, but I had not realised how broadly NCA concepts had been adopted by individuals and organisations in the conservation and development fields. continue reading...


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