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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]
Sustainable development is an approach to growth and human development that aims to meet the needs of the present without compromising the ability of future generations to meet their own needs. [1] [2] The aim is to have a society where living conditions and resources meet human needs without undermining planetary integrity.
The ecological footprint measures human demand on natural capital, i.e. the quantity of nature it takes to support people and their economies. [1] [2] [3] It tracks human demand on nature through an ecological accounting system. The accounts contrast the biologically productive area people use to satisfy their consumption to the biologically ...
The exploitation of natural resources describes using natural resources, often non-renewable or limited, for economic growth [1] or development. [2] Environmental degradation, human insecurity, and social conflict frequently accompany natural resource exploitation. The impacts of the depletion of natural resources include the decline of ...
Sustainable yield is the amount of a resource that humans can harvest without over-harvesting or damaging a potentially renewable resource.. In more formal terms, the sustainable yield of natural capital is the ecological yield that can be extracted without reducing the base of capital itself, i.e. the surplus required to maintain ecosystem services at the same or increasing level over time.
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.
Natural capitalism recognizes the critical interdependency between the production and use of human-made capital and the maintenance and supply of natural capital. [3] The authors argue that only through recognizing this essential relationship with the Earth's valuable resources can businesses, and the people they support, continue to exist.
The Natural Capital Project (NatCap) is a partnership among 250 groups around the world that has developed a systematic approach to weighing nature’s benefits. By placing a value on nature in the context of resource allocation, NatCap is influencing policy, finance and management decisions worldwide. [1] [2]
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