Valuing the World Around Us: An Introduction to Natural Capital

Valuing the World Around Us: An Introduction to Natural Capital

Putting a Price on Nature
tweet me:
Putting a price on nature: #TDEconomics looks at #naturalcapital
Thursday, November 20, 2014 - 11:45am

CONTENT: Article

How do you put a price on nature and is there value in doing so? These are questions that TD Economics explores in its most recent environmental economics report "Valuing the World Around Us: an Introduction to Natural Capital." 

Highlights from the report

  • Natural capital refers to the economic, environmental, and social benefits provided by natural resources and ecosystems.
  • Natural capital helps us to consider the complete impacts of our actions, by taking into account the impacts we have on the environment, society, and the world around us.
  • By taking natural capital into account, governments, firms, and individuals can better recognize the true costs, benefits and return on investment of planned activities, helping improve the decision-making process.
  • The benefits we  receive from natural capital can be significant: the urban forest in New York City provides nearly $150 million in annual benefits, including air quality, energy savings, and wet-weather flow control; the rivers and wetlands of British Columbia's Lower Fraser Valley provide more than half a billion dollars in benefits each year.

To view a video overview of the report, go to:

To read the report, go to:

CATEGORY: Environment