Restoring Natural Capital

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  • Format: Paperback
  • Copyright: 2007-06-28
  • Publisher: Island Pr
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How can environmental degradation be stopped? How can it be reversed? And how can the damage already done be repaired? The authors of this volume argue that a two-pronged approach is needed: reducing demand for ecosystem goods and services and better management of them, coupled with an increase in supply through environmental restoration. Restoring Natural Capitalbrings together economists and ecologists, theoreticians, practitioners, policy makers, and scientists from the developed and developing worlds to consider the costs and benefits of repairing ecosystem goods and services in natural and socioecological systems. It examines the business and practice of restoring natural capital, and seeks to establish common ground between economists and ecologists with respect to the restoration of degraded ecosystems and landscapes and the still broader task of restoring natural capital. The book focuses on developing strategies that can achieve the best outcomes in the shortest amount of time as it: - considers conceptual and theoretical issues from both an economic and ecological perspective - examines specific strategies to foster the restoration of natural capital and offers a synthesis and a vision of the way forward Nineteen case studies from around the world illustrate challenges and achievements in setting targets, refining approaches to finding and implementing restoration projects, and using restoration of natural capital as an economic opportunity. Throughout, contributors make the case that the restoration of natural capital requires close collaboration among scientists from across disciplines as well as local people, and when successfully executed represents a practical, realistic, and essential tool for achieving lasting sustainable development.

Table of Contents

Forewordp. xi
Prefacep. xiii
Restoring Natural Capital: The Conceptual Landscapep. 1
Restoring Natural Capital: Definition and Rationalep. 3
Restoring Natural Capital: A Reflection on Ethicsp. 9
Restoring Natural Capital: An Ecological Economics Assessmentp. 17
Restoring Natural Capital: A Mainstream Economic Perspectivep. 28
Assessing and Restoring Natural Capital Across Scales: Lessons from the Millennium Ecosystem Assessmentp. 36
Assessing the Loss of Natural Capital: A Biodiversity Intactness Indexp. 44
Restoring Natural Capital: Experiences and Lessonsp. 55
Setting Appropriate Restoration Targets for Changed Ecosystems in the Semiarid Karoo, South Africap. 57
Targeting Sustainable Options for Restoring Natural Capital in Madagascarp. 64
Landscape Function as a Target for Restoring Natural Capital in Semiarid Australiap. 76
Genetic Integrity as a Target for Natural Capital Restoration: Weighing the Costs and Benefitsp. 85
Restoring and Maintaining Natural Capital in the Pacific Northwest, USAp. 94
Restoring Natural Capital Reconnects People to Their Natural Heritage: Tiritiri Matangi Island, New Zealandp. 103
Restoring Forage Grass to Support the Pastoral Economy of Arid Patagoniap. 112
A Community Approach to Restore Natural Capital: The Wildwood Project, Scotlandp. 122
An Adaptive Comanagement Approch to Restore Natural Capital in Communal Areas of South Africap. 129
Participatory Use of Traditional Ecological Knowledge for Restoring Natural Capital in Agroecosystems of Rural Indiap. 137
Overcoming Obstacles to Restore Natural Capital: Large-Scale Restoration on the Sacramento Riverp. 146
An Approach to Quantify the Economic Value of Restoring Natural Capital: A Case from South Africap. 154
Economic Opportunities: Case Studies
Capturing the Economic Benefits from Restoring Natural Capital in Transformed Tropical Forestsp. 162
Restoring Natural Forests to Make Medicinal Bark Harvesting Sustainable in South Africap. 170
Assessing Costs, Benefits, and Feasibility of Restoring Natural Capital in Subtropical Thicket in South Africap. 179
Costs and Benefits of Restoring Natural Capital Following Alien Plant Invasions in Fynbos Ecosystems in South Africap. 188
Return of Natural, Social, and Financial Capital to the Hole Left by Miningp. 198
Protecting and Restoring Natural Capital in New York City's Watersheds to Safeguard Waterp. 208
Making the Restoration of Natural Capital Profitable on Private Land: Koa Forestry on Hawaii Islandp. 216
Restoring Natural Capital: Tactics and Strategiesp. 225
Valuing Natural Capital and the Costs and Benefits of Restorationp. 227
A Decision-Analysis Framework for Proposal Evaluation of Natural Capital Restorationp. 237
Local and Landscape Levels
Overcoming Physical and Biological Obstacles to Restore Natural Capitalp. 249
Overcoming Socioeconomic Obstacles to Restore Natural Capitalp. 256
Global Level
Overcoming Obstacles at a Global Scale to Restore Natural Capitalp. 265
Managing Our Global Footprint Through Restoration of Natural Capital at a Global Scalep. 275
Policies and Institutions
Making Restoration Work: Financial Mechanismsp. 286
Making Restoration Work: Nonmonetary Mechanismsp. 294
Synthesisp. 303
Mainstreaming the Restoration of Natural Capital: A Conceptual and Operational Frameworkp. 305
Restoring Toward a Better Futurep. 313
Glossaryp. 319
Referencesp. 329
Editorsp. 365
Contributorsp. 367
Indexp. 375
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