Tag Archives: natural capital

Natural capital is the next horizon for green investors

fern smallThis post is by Guy Thompson, managing director of EnTrade, an online marketplace in ecosystem services. He was director of Green Alliance, 2004-06.

Last week, the FTSE re-labelled oil and gas as non-renewable energy and the National Trust renounced its fossil fuel shares, just as the government launched its Green Finance Strategy at the City’s third Green Finance Summit.  Whether this chain of events was serendipity or a rare masterstroke by Number 10 communications, the message to the financial sector is clear: the future is low carbon. Read more

Why we can’t keep the environment separate from economics

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This article is by Kirk Hamilton, Cameron Hepburn, Alexander Teytelboym, Frank Sperling and Francois Cohen, the authors of Wealth of Nature, published by the Institute for New Economic Thinking at the Oxford Martin School and the Smith School of Enterprise and the Environment, in partnership with Green Economy Coalition.

George Monbiot doesn’t have a reputation for pulling his punches, and his recent Guardian column is a case in point. In it, he takes aim at the idea of ‘natural capital’: the idea that, by better understanding the economic value of nature, we might better protect it.  Condemning such attempts as “morally wrong, intellectually vacuous, and most of all counter-productive”, George argues that economic approaches to natural protection can only lead to one thing: the wholesale destruction of nature for profit.

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Do we really need to pay more to save the environment?

11888996166_2a8ef99842_kThis article was originally published in Business Green.

If I were the type to shout at my radio, I would have spewed righteous vitriol at the Today programme last Thursday morning. Ahead of the launch of the government’s long awaited 25 Year Plan for the Environment, Environment Secretary Michael Gove was interviewed by Nick Robinson about his ‘big vision’ for dealing with the large environmental challenges that lie ahead. Introducing the segment, Robinson asserted: “The question any politician has to face in this field is this: on the one hand, people say they want less plastic and they cheer on David Attenborough, but do they want to pay 25p more for their cup of coffee?”

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Three things you should know about the Natural Capital Committee’s advice on the 25 year plan for the environment

View of farm gate.The government has not lacked advice as to what should go in its long promised 25 year plan for the environment. Most of it has ended up as white noise but, finally, and with surprisingly little fanfare, we have something of significance: the official advice to government of the Natural Capital Committee (NCC).

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Natural capital: if we look after the stocks, will the flows look after themselves?

dieterThe notion of ‘natural capital’ is gaining traction among economists and policy makers. To discuss this I was joined by Dieter Helm at the third in our series of economic seminars. Dieter is both an academic and a practitioner, with a substantial record of applied economic policy analysis in fields such as energy and the environment. He also chairs the Natural Capital Committee (although he spoke in a personal capacity and not on behalf of the committee).

Below is a brief overview of our stimulating discussion, with short audio clips . You can also listen to the full discussion (1 hour 4 mins).  Read more