Incorporation of Natural Capital into Mainstream Policies

1018 WordsFeb 24, 20184 Pages
Executive Summary This paper objectively advocates a paradigm shift that incorporates natural capital into mainstream policies, and businesses practices, at all levels. It sheds light on the role and importance of valuing natural capital; reasons why it has not been properly integrated into everyday decision-making process; the risks associated with negligence; and the benefits of integration. A few examples were enlisted to help outline the opportunities that lie within the ecosystem, if only we can implement practices to utilize it sustainably. Individuals, corporations, and governments, must understand and account for their use of natural capital and be aware of the accurate cost of human and economic security. 1.0 Introduction Virgil (October 15, 70 BC – September 21, 19 BC), a classical Roman poet once quoted “the greatest wealth is health”. In the quest for wealth, human beings degrade their health through actions such as sleep deprivation and stress from prolonged work just to make so much wealth which we ultimately spend on replenishing health. Depending on the level of damage done, we might not be able to sustain good health and die. The above-statement, even though blinkered, is an opening for our broader focus of natural capital, which in spite of its utmost importance, is not appropriately implemented in modern day decision-making process. Natural capital refers to environmental health and its primary function is life-support. As human economic activities
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