4 September 2014
Chapter 2 #3
The major capital that is the most valuable to the nation’s common wealth and the people is the natural capital. This capital is the most valuable because it is what “makes human life possible” (Edinburgh 2013). Natural capital deals with the medicines we take, the materials we use for building, fuel from plants, all the water we drink, and the most important thing we get from natural capital is the food we eat. All of these resources we have come from ecosystems. Not only do we get resources we use in are everyday life but we also use the ecosystems for things like renewable natural capital. This includes “forests, fisheries, agricultural soil, water resources, and flow of goods” (Wright 30). We also get some of our resources from places like the wildlife and natural environment. Pavan Sukhdev the chair of the TEEB advisory board said “…there are both serious risks to business, as well as significant opportunities, associated with biodiversity loss and ecosystem degradation. There is also a need for business to quantify and value its impacts on biodiversity and ecosystems, in order to manage these risks and opportunities and enable a better future for all”. He is saying that even with the loss of ecosystems and resources from ecosystems being reduced it isn’t really that big of a deal. He believes this because he knows there is a growing concern for businesses to impact the growth of biodiversity and ecosystems. With these businesses wanting to impact these things it should enable a better future for everyone. The important to thing remember when dealing the natural capital is that whatever amount you take from the ecosystem you must pay back before taking more. For example if you cut down trees you have to make sure that replant the clear cut forests or if you use amounts of water as drinking water you have to let the water replenish before using it again. If you draw down the stocks of natural capital you need to make sure you let it recover so that you don’t run the risk of the ecosystem collapsing. You have the down sides to the natural capital with the ecosystem because of weather disasters could ruin or damage the ecosystem leading to starvation and conflicts over time with resources. Even though this man be a concern it doesn’t always happen so this is still the most valuable capital. There is no price for natural capital but for example the price that has to avoid greenhouse gases is worth a lot of money. The natural capital is a growing thing all over the world. Natural capital is renewable and non-renewable resource that humans use in their daily lives. Without natural capital there wouldn’t be any ecosystems to have fresh water, food, fuel, medicine, building materials, lumber, grain, oil, mineral deposits, and more. Natural capital is the resources and goods that keep all humans alive.