Natural Capital is a term used increasingly by government, businesses and community organisations when talking about the environment… but what does it mean? The World Forum on Natural Capital says:
Natural capital can be defined as the world’s stocks of natural assets which include geology, soil, air, water and all living things. It is from this natural capital that humans derive a wide range of services, often called ecosystem services, which make human life possible.
Looking at our environment from an economic perspective can help businesses and organisations make clearer, more-informed decisions about how they interact with the natural assets we all depend on.
SWEEP Director, Professor Ian Bateman, gives us an insight into how economics and environmental science can work together to achieve positive results.