Debating Nature's Value The Concept of 'Natural Capital'
The concept of 'Natural Capital' has come to play a central role in current debates about biodiversity and nature conservation. It implies an approach to the natural world based on the valuation of places and species in terms of money. This is, in a varie
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ating Nature’s Value
Victor Anderson Editor
Debating Nature’s Value The Concept of ‘Natural Capital’
Editor Victor Anderson Global Sustainability Institute Anglia Ruskin University Cambridge, UK
ISBN 978-3-319-99243-3 ISBN 978-3-319-99244-0 (eBook) https://doi.org/10.1007/978-3-319-99244-0 Library of Congress Control Number: 2018968273 © The Editor(s) (if applicable) and The Author(s) 2018 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover illustration: © Melisa Hasan This Palgrave Pivot imprint is published by the registered company Springer Nature Switzerland AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
Acknowledgements
The chapters in this book were written as a result of the work of the Debating Nature’s Value Network, funded by the Arts & Humanities Research Council (AHRC; grant number AH/N006232/1). I would like to thank AHRC and my colleagues on the coordinating group for the Network—Felicity Clarke, Rupert Read, and Aled Jones—and everyone who took part in the Network’s events.
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Contents
1 Introduction 1 Victor Anderson 2 Natural Capital and the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services 5 Lenke Balint and Aled Jones 3 A Micro ‘Case Study’: Critiquing the Economics of Ecosystems and Biodiversity 17 Rupert Read and Tom Greaves 4 The Natural Capital Protocol 25 Samir Whitaker 5 Debating Nature’s Value: The Role of Monetary Valuation 39 Rob Tinch 6 Is the Concept of ‘Natural Capital’ Useful? 49 Tom H. Oliver
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CONTENTS
7 How Should We Value Nature? 55 Sandra Bell 8 Natural Capital: The Risks of Losing Sight of Nature 61 Rebecca Clark 9 Some Difficulties of Measurement 69 Victor Anderson 10 Who Should Value Nature? 75 Dario Kenner 11 ‘Natural Capital’: Ontology or Analogy? 89 Jenneth Parker 12 ‘Natural Ca
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