
Saved by Mike Tannenbaum
We need to value natural capital | Greenbiz
Saved by Mike Tannenbaum
A more holistic way of thinking about growth is to recognise that it is broadly equivalent to the rate at which our economy is metabolising the living world.
It’s really quite straightforward. Right now, the dominant assumption in economics is that all sectors of the economy must grow, all the time, regardless of whether or not we actually need them to. This is an irrational way to manage an economy at the best of times, but during an ecological emergency it is clearly dangerous. Instead, we should deci
... See moreINVESTING IN NATURAL CAPITAL. This works toward reversing worldwide planetary destruction through reinvestments in sustaining, restoring, and expanding stocks of natural capital, so that the biosphere can produce more abundant ecosystem services and natural resources.
We need to move from a world in which environmental and social capital are essentially free—or at least someone else’s business—to a world in which the need to operate within environmental limits within a thriving society is taken for granted.