While economics and business are now developing tools to quantify and better manage the society’s impact on the environment there are many who question whether the current proposals may actually make things worse. There is also a need to examine the procedures being adopted or proposed to ensure that any unintended consequences, either to nature or to the people who rely on access to their local environments, are minimised.
“Nature is not for sale”, Friends of the Earth
This document outlines why Friends of the Earth Europe strongly opposes any proposal that integrates nature into market based instruments and turns biodiversity into a tradable commodity. Download the document on the Friends of the Earth website.
Who should value nature?
Recognising there are diverse ways to value is important because contested land rights in the global south mean there are scenarios where different actors in developing countries will value the same area of nature differently. As the list of actors pushing for economic valuation grows – including accountants, consultancy firms, the private sector, governments, environmental NGOs, academics, United Nations agencies, and international institutions such as the World Bank15 – how do we decide who should do the valuing and whose values are taken into account? Which stakeholders have the power to limit valuation to non-monetary values or broaden it out to include monetary values? Who has the power to determine who has made the ‘right’ or ‘wrong’ calculation? Download the document on the Friends of the ICAEW.
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