Capitalizing on Nature: Ecosystems as Natural Assets

by Edward B. Barbier

• ISBN13: 9780521189279
• ISBN10: 0521189276
• Format: Paperback
• Copyright: 2011-10-31
• Publisher: Cambridge University Press

Summary

The basic unit of nature the ecosystem is a special form of wealth, which we can think of as a stock of natural capital. However, perhaps because this capital is free, we have tended to view it as limitless, abundant and always available for our use, exploitation and conversion. Capitalizing on Nature shows how modeling ecosystems as natural capital can help us to analyze the economic behavior that has led to the overuse of so much ecological wealth. It explains how this concept of ecosystem as natural capital sheds light on a number of important issues, including landscape conversion, ecological restoration, ecosystem resilience and collapse, spatial benefits and payments for ecosystem services. The book concludes by focusing on major policy challenges that need to be overcome in order to avert the worsening problem of ecological scarcity and how we can fund novel financing mechanisms for global conservation.

Table of Contents

List of figures	p. viii
List of tables	p. x
List of boxes	p. xi
Acknowledgments	p. xiii
Introduction	p. 1
Ecological scarcity as an economic problem	p. 6
Ecological scarcity and ecological landscapes	p. 26
The basic natural asset model	p. 85
Spatial variation in ecosystems	p. 129
The open economy	p. 152
Ecological collapse	p. 199
The way ahead	p. 232
Policies in the Age of Ecological Scrcity	p. 269
Index	p. 311
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