Price tag on the planet? Helping business value nature

  • 📰 YahooSG
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 71%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

For business, putting a monetary value on nature means that damaging resources such as breathable air and drinkable water becomes not just a survival risk, but a financial one.

As the IUCN World Conservation Congress kicks off in France on Friday, an urgent question will be how to reduce the devastation wrought by humanity on the environment."It's the only way to speak the same language as political decision-makers," Nathalie Girouard, an expert on environmental policy at intergovernmental think tank OECD, told AFP.Chemical-intensive agriculture, over-fishing, pollution and climate change are all pushing ecosystems to the brink of collapse.

Mary Ruckelshaus, head of the Natural Capital Project at Stanford University, acknowledges that it is a complex task. "What's the cultural value of the mangrove forest to an indigenous community who lives in Belize? Priceless," she continues. Using the natural capital as the guiding principle, proponents favour integrating natural resources into the calculation of a country's wealth.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines