The Monetization of Natural Capital in Corporate Investment
Satyajit Bose (),
Guo Dong () and
Anne Simpson ()
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Satyajit Bose: Columbia University
Guo Dong: Columbia University
Anne Simpson: CalPERS
Chapter Chapter 7 in The Financial Ecosystem, 2019, pp 161-180 from Palgrave Macmillan
Abstract:
Abstract We present examples of globally aggregated valuations of ecosystem services and place them in the context of the value of global GDP. We discuss the distinction between weak and strong sustainability and their implications for the interpretations of monetary value. There is a need to expand valuation models beyond the monetization of periodic flows of goods and services to a recognition of the value of inherent resilience with ecosystems, whose reward may consist of risk reduction rather than higher yield. We describe increasing efforts within corporations and among investors in the financial ecosystem to identify, measure, and value both the impacts as well as the dependencies of corporate economic activity on natural capital.
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psifcp:978-3-030-05624-7_7
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DOI: 10.1007/978-3-030-05624-7_7
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