The Social And Environmental Effects Associated With Commodifying Nature Essay

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The Social and environmental effects associated with commodifying nature By Danielle Finestone The commodification of nature refers to transformation of natural resources to something generically valued for exchange within the market, this therefore leads to these common pool resources like freshwater being reconceptualised as a commercial resource. Natural goods and services become defined as tangible objects which can be privatized and managed under market rules (Gómez-Baggethun& Ruiz-Pérez, 2011), as opposed to something which is valued intrinsically and managed by social norms. The rise of neoliberal thinking has helped to facilitate the commodification nature, however it is important to recognize that this only one of the driving factors. There are many clear examples of the commodification of nature with one major example being the commodifying of water resources. The shift toward the commodification represents a fundamental change in views and use of natural resources which have many far reaching environmental and social effects. The commodification of water is driven by fears of water scarcity, accessibility and cleanliness. Water is recognized a basic human “the human right to water entitles everyone to sufficient, safe, acceptable, physically accessible and affordable water for personal and domestic uses” (UN, 2002). But despite this it estimated approximately a billion people do not have access to clean drinking water. The reconceptualising of water was

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