Natural capital accounting and climate change

2014 ◽  
Vol 4 (7) ◽  
pp. 520-522 ◽  
Author(s):  
Matthew Agarwala ◽  
Giles Atkinson ◽  
Christopher Baldock ◽  
Barry Gardiner
Keyword(s):  
Climate Change ◽  
Natural Capital ◽  
Natural Capital Accounting

Hypothesizing a New Standard for Environmental Injunctions

2020 ◽  
Vol 7 (1) ◽  
pp. 105-128
Author(s):  
Kalpana S. Murari
Keyword(s):  
Climate Change ◽  
Sustainable Development ◽  
Natural Resources ◽  
Natural Capital ◽  
Fundamental Rights ◽  
Environmental Harm ◽  
Judicial Discretion ◽  
Economic Activities ◽  
Injunctive Relief ◽  
Natural Capital Accounting

Environmental litigation expands into economic activities that contribute to global warming and promotes inequitable distribution of natural resources. In the context of climate change litigation, international courts have consistently held that governments need to act on climate change and strive towards sustainable development. Courts are expected to act proactively and provide long-term solutions to environmental problems and address climate change impacts by ensuring compliance of legislative norms. Courts exercise discretionary powers when granting injunctive relief that provide a threshold for courts to intervene and guide economic activities of a nation towards sustainable development. Courts need to protect the legislative intent of the executive, preserve fundamental rights of parties not present before the court while preventing any injury to the defending party by protecting their rights under law or in equity. In the absence of statutory prescriptions for testing environmental harm, courts have established standards for granting interim relief, to ensure there is no abuse of powers to grant injunctions and that such orders are not set aside on grounds of abuse of judicial discretion. This paper prescribes a single, uniform and sufficient standard that calls for ‘Natural Capital’ accounting by federal agencies and private businesses that exploit natural resources for commercial purposes. Keywords: Environmental injunctions; Natural capital; Natural Capital accounting; Injunctive relief; Precautionary principle

scholarly journals From natural capital accounting to natural capital banking

2021 ◽  
Author(s):  
Michael J. Vardon ◽  
Heather Keith ◽  
Peter Burnett ◽  
David B. Lindenmayer
Keyword(s):  
Natural Capital ◽  
Natural Capital Accounting

scholarly journals Natural capital accounting for better policy

AMBIO ◽  
2018 ◽  
Vol 48 (7) ◽  
pp. 714-725 ◽  
Author(s):  
Arjan Ruijs ◽  
Michael Vardon ◽  
Steve Bass ◽  
Sofia Ahlroth
Keyword(s):  
Natural Capital ◽  
Natural Capital Accounting

scholarly journals “Mathematics maybe, but not money”

2017 ◽  
Vol 30 (7) ◽  
pp. 1459-1480 ◽  
Author(s):  
Sian Sullivan ◽  
Mike Hannis
Keyword(s):  
Land Use Planning ◽  
Natural Capital ◽  
Economic Values ◽  
Content Type ◽  
Experimental Implementation ◽  
Natural Capital Accounting ◽  
Ecological Accounting ◽  
The Uk ◽  
Biodiversity Offset ◽  
Policy Texts

Purpose The purpose of this paper is to consider and compare different ways of using numbers to value aspects of nature-beyond-the-human through case analysis of ecological and natural capital accounting practices in the UK that create standardised numerical-economic values for beyond-human natures. In addition, to contrast underlying ontological and ethical assumptions of these arithmetical approaches in ecological accounting with those associated with Pythagorean nature-numbering practices and fractal geometry. In doing so, to draw out distinctions between arithmetical and geometrical ontologies of nature and their relevance for “valuing nature”. Design/methodology/approach Close reading and review of policy texts and associated calculations in: UK natural capital accounts for “opening stock” inventories in 2007 and 2014; and in the experimental implementation of biodiversity offsetting (BDO) in land-use planning in England. Tracking the iterative calculations of biodiversity offset requirements in a specific planning case. Conceptual review, drawing on and contrasting different numbering practices being applied so as to generate numerical-economic values for natures-beyond-the-human. Findings In the cases of ecological accounting practices analysed here, the natures thus numbered are valued and “accounted for” using arithmetical methodologies that create commensurability and facilitate appropriation of the values so created. Notions of non-monetary value, and associated practices, are marginalised. Instead of creating standardisation and clarity, however, the accounting practices considered here for natural capital accounts and BDO create nature-signalling numbers that are struggled over and contested. Originality/value This is the first critical engagement with the specific policy texts and case applications considered here, and, the authors believe, the first attempt to contrast arithmetical and geometrical numbering practices in their application to the understanding and valuing of natures-beyond-the-human.

scholarly journals The Natural Capital Accounting Opportunity: Let's Really Do the Numbers

BioScience ◽  
2018 ◽  
Vol 68 (12) ◽  
pp. 940-943 ◽  
Author(s):  
James W Boyd ◽  
Kenneth J Bagstad ◽  
Jane Carter Ingram ◽  
Carl D Shapiro ◽  
Jeffery E Adkins ◽  
...  
Keyword(s):  
Natural Capital ◽  
Natural Capital Accounting

scholarly journals WROCŁAWSKI BUDŻET OBYWATELSKI JAKO NARZĘDZIE DO WZMACNIANIA KAPITAŁU NATURALNEGO I ODPORNOŚCI MIASTA NA ZMIANY KLIMATU W LATACH 2016-2018

2021 ◽  
Vol 37 ◽  
pp. 65-77
Author(s):  
Marta Joanna Jamontt ◽  
Karol Kociszewski ◽  
Johannes Platje
Keyword(s):  
Climate Change ◽  
Quality Of Life ◽  
Health Communication ◽  
Public Space ◽  
Natural Capital ◽  
Participatory Budget ◽  
The City

Participatory budgets are a popular form of co-decision of residents about public space and quality of life in the city. Projects submitted to participatory budgets respond to needs such as recreation, health, communication and safety. This article evaluates the projects from 2016-2018 of the Wroclaw Participatory Budget in terms of aspects related to the wider issue of natural capital and climate change. The results obtained indicate that despite increasing financial outlays on projects that can contribute to strengthening environmental and climate aspects, the share of investments directly targeted at their implementation is relatively small. A total of 201 projects were analyzed, of which 12% directly and 18% indirectly referred to issues related to natural capital and/or climate change.

Editorial special issue natural capital accounting: The content, the context, and the framework

2021 ◽  
Vol 51 ◽  
pp. 101347
Author(s):  
Alessandra La Notte ◽  
Sara Vallecillo ◽  
Joachim Maes ◽  
Carl D. Shapiro ◽  
Kenneth J. Bagstad ◽  
...  
Keyword(s):  
Natural Capital ◽  
Special Issue ◽  
Editorial Special Issue ◽  
Natural Capital Accounting

scholarly journals Will COVID-19 fiscal recovery packages accelerate or retard progress on climate change?

2020 ◽  
Vol 36 (Supplement_1) ◽  
pp. S359-S381 ◽  
Author(s):  
Cameron Hepburn ◽  
Brian O’Callaghan ◽  
Nicholas Stern ◽  
Joseph Stiglitz ◽  
Dimitri Zenghelis
Keyword(s):  
Climate Change ◽  
Capital Investment ◽  
Natural Capital ◽  
Climate Impact ◽  
Middle Income ◽  
Four Dimensions ◽  
Middle Income Countries ◽  
Physical Infrastructure ◽  
Short Run ◽  
Economic Multiplier

Abstract The COVID-19 crisis is likely to have dramatic consequences for progress on climate change. Imminent fiscal recovery packages could entrench or partly displace the current fossil-fuel-intensive economic system. Here, we survey 231 central bank officials, finance ministry officials, and other economic experts from G20 countries on the relative performance of 25 major fiscal recovery archetypes across four dimensions: speed of implementation, economic multiplier, climate impact potential, and overall desirability. We identify five policies with high potential on both economic multiplier and climate impact metrics: clean physical infrastructure, building efficiency retrofits, investment in education and training, natural capital investment, and clean R&D. In lower- and middle-income countries (LMICs) rural support spending is of particular value while clean R&D is less important. These recommendations are contextualized through analysis of the short-run impacts of COVID-19 on greenhouse gas curtailment and plausible medium-run shifts in the habits and behaviours of humans and institutions.

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