The vision of for Natural Capital is simple – to at least maintain the global level of natural resources in the world. The evidence is compelling – for example, 90% of the world’s wetlands have been lost over the last three centuries, whilst 90% of the world’s largest predators in the oceans have also been lost, and by 2025 there will be one tonne of plastic in the oceans for every three tonnes of fish. John Fleetwood of 3D Investing writes.
Meeting before the Paris COP21 summit, the Natural Capital Forum in Edinburgh was an impressive coming together of NGOs, business, environmentalists and academics. Solutions and good ideas were in abundance but a common message was that of international governments having to act to intervene in the market.
Senior Advisor and Special Envoy for Energy and Climate for the World Business Council for Sustainable Development (WBCSD), Chair of the Prince of Wales’s EU Corporate Leaders Group on Climate Change in Brussels, and Advisory Board member of the Cambridge Institute for Sustainability Leadership, Phillipe Joubert led the call for Government to set the carbon price so that business could respond in correctly pricing carbon, internalising rather than externalising the cost. Without this, all of our best endeavours are ultimately likely to be insufficient.
Yet, the concept of ‘natural capital’ is clearly gaining credence, and unlike ‘sustainability’ is not woolly but hard. It provides a blank canvas to identify what Government needs to do in order to leave the world in a better state than it is now. The 500+ attendees at the Natural Capital Forum demonstrate the breadth of the goodwill to properly value natural capital.
But I can’t help thinking that Governments won’t act until there’s a monumental crisis and something one of the presenters said, left me thinking that we’ve a way to go. A Pacific Island was rightly heralded for its efforts to devote 80% of its fishing areas to conservation, increasing the attractiveness of the area to divers. I suspect most of these divers aren’t locals and if we are real about carbon pricing, will the divers really fly half way across the planet?
A lot of questions remain and as David Gibson of the International Finance Corporation said: “In no way, shape or form does current credit pricing reflect Natural Capital.” Yet there is hope. David Nussbaum, CEO of wildlife NGO WWF summed it up, by saying: “There are giraffes with high necks and real vision and there are ostriches with high necks that bury them in the sand when certain things come up”.
Let’s hope the climate talks in Paris are populated by giraffes.
Like our Facebook Page
How to Find an Eco-Friendly Termite Control Service Provider in Malaysia
Eco-Friendly Vegans Win Most Battles Not the War
3 Iconic Chicago Billboards Eco-Friendly Advertisers Can Learn from
EnviroSolar’s Abe Issa Discusses Success in Green Entrepreneurship
How Sports Could Be Impacted by Climate Change
What Eco-Friendly Patients Should Know about Online Therapy
6 Reasons Why Meal Delivery Services are Eco-Friendly
The Path for Retail’s Sustainable Future
4 Eco-Friendly Ways to Treat a Sinus Infection
4 Strategies for Eco-Friendly Real Estate Investors to Find Properties
How Managed Print Services Helps to Reduce Paper Waste
Why Scientists Are Concerned About ‘Forever Chemicals’ In Drinking Water
Meat Farming Is Only Getting Smarter, Easier & Eco-Friendlier
What is Eco-Friendly Homesteading and How Does it Affect Your Insurance?
Importance of Using a Water Purifier in an Area with High Pollution
Alternative Financing Ideas for Green Businesses that Shun Banks
Tencel Material Demand Shows Britain Is More Eco-Friendlier Than Ireland
How To Invest in Clean Energy Stocks in Only Five Easy Steps!
How To Secure Funding As An Eco-Entrepreneur?
4 Amazing Eco-Friendly Businesses Worth Starting in 2021
- Features8 months ago
Seven Health and Safety Tips for Eco-Friendly Products in a Green Home
- Energy9 months ago
Eco-Friendly Homeowners Lower Carbon Footprints through Greater Air Conditioner Efficiency
- Features8 months ago
Essential Guidelines for Eco-friendly Moving into new Home
- Invest10 months ago
The Eco-Friendly Evolution of Bitcoin Over the Years