Valuing the World Around Us: An Introduction to Natural Capital

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Valuing the World Around Us: An Introduction to Natural Capital

Putting a Price on Nature
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Putting a price on nature: #TDEconomics looks at #naturalcapital http://goo.gl/RrPwZr
Thursday, November 20, 2014 - 11:45am

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How do you put a price on nature and is there value in doing so? These are questions that TD Economics explores in its most recent environmental economics report "Valuing the World Around Us: an Introduction to Natural Capital." 

Highlights from the report

  • Natural capital refers to the economic, environmental, and social benefits provided by natural resources and ecosystems.
  • Natural capital helps us to consider the complete impacts of our actions, by taking into account the impacts we have on the environment, society, and the world around us.
  • By taking natural capital into account, governments, firms, and individuals can better recognize the true costs, benefits and return on investment of planned activities, helping improve the decision-making process.
  • The benefits we  receive from natural capital can be significant: the urban forest in New York City provides nearly $150 million in annual benefits, including air quality, energy savings, and wet-weather flow control; the rivers and wetlands of British Columbia's Lower Fraser Valley provide more than half a billion dollars in benefits each year.

To view a video overview of the report, go to:
http://watch.knowledgevision.com/332a3f91968c4349b0635ae59a8e8840

To read the report, go to:

Keywords: Environment | British Columbia | Economics | Lower Fraser Valley | New York | Sustainable Finance & Socially Responsible Investment | TD | TD Bank | TD Economics | environment | natural capital

CONTENT: Article

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