The basic unit of nature - the ecosystem - is a special form of
wealth, which we can think of as a stock of natural capital.
However, perhaps because this capital is free, we have tended to
view it as limitless, abundant and always available for our use,
exploitation and conversion. Capitalizing on Nature shows how
modeling ecosystems as natural capital can help us to analyze the
economic behavior that has led to the overuse of so much ecological
wealth. It explains how this concept of ecosystem as natural
capital sheds light on a number of important issues, including
landscape conversion, ecological restoration, ecosystem resilience
and collapse, spatial benefits and payments for ecosystem services.
The book concludes by focusing on major policy challenges that need
to be overcome in order to avert the worsening problem of
ecological scarcity and how we can fund novel financing mechanisms
for global conservation.
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