Books et al.ENVIRONMENTAL ECONOMICS

Banking on nature

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Science  04 Sep 2015:
Vol. 349, Issue 6252, pp. 1061
DOI: 10.1126/science.aab3400

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Summary

Does economic growth have to be at the expense of nature and future generations? Lucid and compellingly argued, Dieter Helm's latest volume, Natural Capital, says no. Building on ideas from economics, ecosystems science, and public policy, Helm advocates for asset-based accounting and valuation as a first step and a policy approach defined by a simple rule: The aggregate level of natural capital should not decline. Praising Helm's sharp writing and practical solutions, reviewer Doris Capistrano argues that Natural Capital should be required reading for policy-makers, economists, environmentalists, and all those concerned about sustainable growth and development.