The natural capital approach to integrating science, economics and policy into decisions affecting the natural environment
dc.contributor.author | Bateman, IJ | |
dc.contributor.author | Binner, A | |
dc.contributor.author | Day, B | |
dc.contributor.author | Faccioli, M | |
dc.contributor.author | Fezzi, C | |
dc.contributor.author | Rusby, A | |
dc.contributor.author | Smith, G | |
dc.date.accessioned | 2019-11-25T09:44:40Z | |
dc.date.issued | 2020-04-30 | |
dc.description.abstract | Natural capital refers to those stocks of assets provided for free by nature which, directly or indirectly, deliver well-being for humans. These include freshwater, fertile soils, clean air and living things. Natural capital stocks deliver flows of services, often called ecosystem services, which (often in combination with flows from other capital including human labour, ingenuity and manufactured goods) produce the benefits upon which humans depend for economic well-being and their very existence. Economic activity depends on natural capital while also affecting the stock of those assets. This relationship between the environment, the economy and human well-being has caught the attention of governments at both global and national levels. But how should governments incorporate the notion of natural capital into policy- and decision-making? We set out to define the notion of natural capital and how it can be brought into the economic analyses which underpin the majority of policy decision-making systems. We consider the means by which changes can be best directed to reflect the underlying science of the environment, the incentives of the economy and the preferences of society. | en_GB |
dc.description.sponsorship | Natural Environment Research Council (NERC) | en_GB |
dc.identifier.citation | In: Conservation Research, Policy and Practice, edited by William J. Sutherland, Peter N. M. Brotherton , Zoe G. Davies, Nancy Ockendon, Nathalie Pettorelli and Juliet A. Vickery, pp. 196-215 | en_GB |
dc.identifier.doi | 10.1017/9781108638210.012 | |
dc.identifier.uri | http://hdl.handle.net/10871/39761 | |
dc.language.iso | en | en_GB |
dc.publisher | Cambridge University Press | en_GB |
dc.rights | © 2020. Open access under a Creative Commons Open Access license CC-BY-NC-ND 4.0 which permits re-use, distribution and reproduction in any medium for non-commercial purposes providing appropriate credit to the original work is given. You may not distribute derivative works without permission. To view a copy of this license, visit https://creativecommons.org/ licenses/by-nc-nd/4.0. All versions of this work may contain content reproduced under license from third parties. Permission to reproduce this third-party content must be obtained from these third parties directly. | |
dc.title | The natural capital approach to integrating science, economics and policy into decisions affecting the natural environment | en_GB |
dc.type | Book chapter | en_GB |
dc.date.available | 2019-11-25T09:44:40Z | |
dc.contributor.editor | Sutherland, W | en_GB |
dc.contributor.editor | Brotherton, P | en_GB |
dc.contributor.editor | Davis, Z | en_GB |
dc.contributor.editor | Ockendon, N | en_GB |
dc.contributor.editor | Pettorelli, N | en_GB |
dc.contributor.editor | Vickery, J | en_GB |
dc.identifier.isbn | 9781108638210 | |
dc.relation.isPartOf | Conservation Research, Policy and Practice | en_GB |
exeter.place-of-publication | Cambridge | en_GB |
dc.description | This is the final version. Available on open access from Cambridge University Press via the DOI in this record | en_GB |
dc.rights.uri | https://creativecommons.org/licenses/by-nc-nd/4.0 | en_GB |
exeter.funder | ::Natural Environment Research Council (NERC) | en_GB |
rioxxterms.version | VoR | en_GB |
rioxxterms.licenseref.startdate | 2020-04-30 | |
rioxxterms.type | Book chapter | en_GB |
refterms.dateFCD | 2019-11-25T09:42:32Z | |
refterms.versionFCD | AM |
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