imported>Doug Williamson |
imported>Doug Williamson |
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| Natural Capital can be defined as the world’s stocks of natural assets which include geology, soil, air, water and all living things.
| | ''Economics''. |
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| | A good with an income elasticity of demand less than one. |
| Examples include global forests and their role in controlling greenhouse gases, insects as pollinators, water resources and the ecosystems of the planet.
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| Just as companies need financial capital to support their business so too does the world need natural capital to support human life.
| | (Contrasted with a luxury good.) |
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| Poor management can result in depletion of financial capital and likewise natural capital needs to be managed and valued.
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| Putting an economic value on natural capital and accounting for its use or renewal are behind the concepts of sustainability accounting or integrated accounting.
| | == See also == |
| | | * [[Income elasticity of demand]] |
| | | * [[Luxury good]] |
| Natural capital is also known as natural resources.
| | * [[Normal good]] |
| | | * [[Inferior good]] |
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| ==See also== | |
| * [[BS 8632]] | |
| * [[Capital]]
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| * [[Ecosystem services]]
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| * [[Environmental concerns]]
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| * [[Environmental profit and loss]]
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| * [[Financial capital]]
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| * [[Human capital]]
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| * [[Intellectual capital]]
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| * [[Manufactured capital]]
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| * [[Natural capital accounting]]
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| * [[Natural Capital Coalition]]
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| * [[Natural Capital Committee]] | |
| * [[Natural Capital Protocol]] | |
| * [[Produced capital]] | |
| * [[Relationship capital]]
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| * [[Social capital]]
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| * [[Sustainability]]
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| * [[Sustainability bond]]
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| * [[SHE]]
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| * [[System of Environmental-Economic Accounting]]
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| * [[World Forum on Natural Capital]]
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| ===Other links===
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| [https://naturalcapitalforum.com/news/article/sustainability-jargon-buster--10-essential-terms-for-ceos Sustainability jargon buster] www.naturalcapitalforum.com
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| [[Category:Ethics]]
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