imported>Doug Williamson |
imported>Administrator |
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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''. |
| | A good with an income elasticity of demand less than one. |
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| | == See also == |
| | * [[Income elasticity of demand]] |
| | * [[Luxury good]] |
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| 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.
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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.
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| Natural capital is also known as natural resources.
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| ==See also==
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| * [[BS 8632]]
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| * [[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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| * [[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]]
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| * [[Natural Capital Protocol]]
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| * [[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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