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Natural capital is the world's stock of natural resources, which includes geology, soils, air, water and all living organisms. Some natural capital assets provide people with free goods and services, often called ecosystem services. All of these underpin our economy and society, and thus make human life possible. [3] [4]
Natural Capitalism is a critique of traditional "Industrial Capitalism", saying that the traditional system of capitalism "does not fully conform to its own accounting principles. It liquidates its capital and calls it income. It neglects to assign any value to the largest stocks of capital it employs – the natural resources and living ...
Natural or ecological capital is the world's stock of natural resources, which includes geology, soils, air, water and all living organisms. Some natural capital assets provide people with free goods and services, often called ecosystem services. Two of these (clean water and fertile soil) underpin our economy and society and make human life ...
Natural capital accounting. Natural capital accounting is the process of calculating the total stocks and flows of natural resources and services in a given ecosystem or region. [1] Accounting for such goods may occur in physical or monetary terms.
Weak sustainability argues that natural and human capital are interchangeable, meaning that the use or loss of natural capital can be considered sustainable if the human capital meets or exceeds the value of the natural capital. It assumes that different types of value can be measured and given value in the same way.
The United Nations definition of inclusive wealth is a monetary measure which includes the sum of natural, human, and physical assets. Natural capital includes land, forests, energy resources, and minerals. Human capital is the population's education and skills.
As explained by Bruce Ledewitz, sustainable capitalism is the adoption and development of sustainable practices that protect natural resources, instead of spending it as capital. Ledewitz claims that in traditional capitalism, natural capital ", meaning natural resources, will continue to decline and will limit monetary capital success, lifting ...
Eco-capitalism, also known as environmental capitalism or (sometimes [1]) green capitalism, is the view that capital exists in nature as "natural capital" ( ecosystems that have ecological yield) on which all wealth depends. Therefore, governments should use market-based policy-instruments (such as a carbon tax) to resolve environmental problems.