Lourdes Gomez at Future Challenges (‘Thinking global, living local: Voices in a globalized world’) asks whether it’s a good idea to add a monetary value to nature.
‘The Global Economic Symposium has proposed the concept of a New Economy of Nature, which explores efficient ways of valuing natural resources for policy-making, law-making and economic purposes… environmental valuation would measure a country’s wealth in terms of natural resources rather than just its capacity to produce and consume goods and services. Not only will a country’s natural resources be valued but so too will its capacity to manage those resources in a sustainable way.’
Is this a good way forward? Is it happening already, whether we like it or not? You could scroll down Ms Gomez’ article to find a range of opinions.