
Natural Capital
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Content
- Cover page
- Halftitle page
- Dedication
- Title page
- Copyright page
- Contents
- Preface and Acknowledgements
- Abbreviations
- INTRODUCTION Taking Natural Capital Seriously
- PART ONE What Is Sustainable Growth?
- CHAPTER 1 Facing up to the Challenges
- The Twentieth Century
- Star- Gazing - What Might Be Coming
- The Modern Malthusians
- Plenty of Non-renewable Resources Left
- The Real Concern: The Depletion of Renewables
- CHAPTER 2 Sustaining Economic Growth
- Brundtland and the North-South Debate
- Future People
- Uncertainty and Technological Progress
- Substitution and Sustainability
- CHAPTER 3 Defining the Aggregate Natural Capital Rule
- The Asset- Based Approach to Natural Capital
- The Ethical Case for Protecting Natural Capital Assets
- The Instrumental Argument: Natural Assets as the Primary Factor of Production
- The Aggregate Rule
- Extending the Rule to Other Assets
- Challenges to the Conceptual Framework
- Can We Get By with Less Natural Capital?
- Should Today's Poor Take Priority?
- Is the Rule Ambitious Enough?
- International and National Aggregate Natural Capital Rules
- PART TWO How Can Natural Capital Be Measured?
- CHAPTER 4 Accounting for Natural Capital
- GDP and What Is Wrong with It
- The Balance Sheet
- Capital Maintenance
- Corporate Natural Capital Accounting
- CHAPTER 5 Measuring Natural Capital
- The Units of Measurement
- Thresholds
- Risk Registers
- Improving Natural Capital
- CHAPTER 6 Pricing and Valuing Natural Capital
- The Case for Using Prices
- Values and Prices
- Calculating the Prices
- Pricing Pollution
- Prices and Natural Capital Values
- Systems and Cost-Benefit Analysis
- PART THREE What Needs to Be Done?
- CHAPTER 7 Compensating for Damage
- Compensation and Property Rights
- Objections to Compensation
- Compensation for the Depletion of Non- renewables
- Compensating for Renewables
- Planning and the Confrontational Approach
- CHAPTER 8 Taxing Pollution
- The 'Polluter Pays' Principle
- Taxes or Permits?
- Income Effects: What Happens to the Money?
- To Hypothecate or Not
- The Role of Subsidies
- The Failure of Regulation
- A Package of Market- Based Mechanisms
- CHAPTER 9 Protecting the Commons
- The Problem
- Clubs and Voluntary Organizations
- The State and Protected Areas
- Natural Capital Infrastructure and the Utilities Model
- Extending the utility model
- Revenue for Natural Capital Utilities
- Borrowing and Debt Finance
- Private versus Public
- PART FOUR How Can It Be Done?
- CHAPTER 10 The Prize: Restoring Natural Capital
- Improvements at Scale: The Case for Large- Scale Restoration
- River Restoration
- Land Restoration
- Marine Restoration
- Bringing the Components Together in a Restoration Plan
- CHAPTER 11 Finance: Paying for Natural Capital
- Funding Capital Maintenance
- The Treatment of Non- Renewables and Capital Depreciation
- Investing Compensation Payments
- Revenues from Pollution Taxes and Savings from Perverse Subsidies
- An Aggregate Natural Capital Fund
- Natural Capital Institutions
- A Natural Capital Committee
- The Next Institutional Step
- CHAPTER 12 Conclusion
- Notes
- Bibliography
- Index
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The file format PDF always displays a book page identically on any hardware. This makes PDF suitable for complex layouts such as those used in textbooks and reference books (images, tables, columns, footnotes). Unfortunately, on the small screens of e-readers or smartphones, PDFs are rather annoying, requiring too much scrolling.
This eBook uses Adobe-DRM, a „hard” copy protection. If the necessary requirements are not met, unfortunately you will not be able to open the eBook. You will therefore need to prepare your reading hardware before downloading.
Please note: We strongly recommend that you authorise using your personal Adobe ID after installation of any reading software.
For more information, see our eBook Help page.