Date: 2025-05-09 Page is: DBtxt003.php txt00016397
TPB Dialog
Green Economy Coalition
Comments circa February 2019
Peter Burgess
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Date: 2025-05-09 Page is: DBtxt003.php txt00016397 | |||||||||
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Burgess COMMENTARY Peter Burgess | |||||||||
| Discussion on greeneconomycoalition 2 comments A global movement for green & fair economies Green Economy Coalition Green Economy Coalition PeterBurgess a month ago We absolutely wish you well Peter - and actually full capital accounting that includes impacts on stocks of natural, social and human capital is something we're working towards too - check out these links for more: Leading economists raise alarm at vanishing wealth of nature - Report https://www.greeneconomycoalition.org/news-analysis/p2 Natural capital: What we don't value, we destroy Reply View in discussion Discussion on greeneconomycoalition 2 comments A global movement for green & fair economies Green Economy Coalition Green Economy Coalition Peter Smith 10 months ago Thanks for your contribution, Peter! We totally agree that rent-seeking must be avoided, and that properly valuing nature's contributions can push us to conserve more of it. We respect George Monbiot's invaluable contributions to the debate, but have to disagree with him when he says “price represents an expectation of payment, in accordance with market rates”. A better definition is that price represents the attribution of economic value. One of the most important roles that valuing natural capital plays is not to prepare it for sale, or the collection of rents – it is to understand the value of what is lost when development decisions blindly destroy mangroves, or when rainforest is treated as open access, where anyone with a chainsaw can extract timber. | |||||||||