Restoring Natural Capital

How can environmental degradation be stopped? How can it be reversed? And how can the damage already done be repaired? The authors of this volume argue that a two-pronged approach is needed: reducing demand for ecosystem goods and services and better management of them, coupled with an increase in supply through environmental restoration. Restoring Natural Capital brings together economists and ecologists, theoreticians, practitioners, policy makers, and scientists from the developed and developing worlds to consider the costs and benefits of repairing ecosystem goods and services in natural and socioecological systems. It examines the business and practice of restoring natural capital, and seeks to establish common ground between economists and ecologists with respect to the restoration of degraded ecosystems and landscapes and the still broader task of restoring natural capital. The book focuses on developing strategies that can achieve the best outcomes in the shortest amount of time as it: • considers conceptual and theoretical issues from both an economic and ecological perspective • examines specific strategies to foster the restoration of natural capital and offers a synthesis and a vision of the way forward Nineteen case studies from around the world illustrate challenges and achievements in setting targets, refining approaches to finding and implementing restoration projects, and using restoration of natural capital as an economic opportunity. Throughout, contributors make the case that the restoration of natural capital requires close collaboration among scientists from across disciplines as well as local people, and when successfully executed represents a practical, realistic, and essential tool for achieving lasting sustainable development.

How can environmental degradation be stopped? How can it be reversed? And how can the damage already done be repaired? The authors of this volume argue that a two-pronged approach is needed: reducing demand for ecosystem goods and services and better management of them, coupled with an increase in supply through environmental restoration. Restoring Natural Capital brings together economists and ecologists, theoreticians, practitioners, policy makers, and scientists from the developed and developing worlds to consider the costs and benefits of repairing ecosystem goods and services in natural and socioecological systems. It examines the business and practice of restoring natural capital, and seeks to establish common ground between economists and ecologists with respect to the restoration of degraded ecosystems and landscapes and the still broader task of restoring natural capital. The book focuses on developing strategies that can achieve the best outcomes in the shortest amount of time as it: • considers conceptual and theoretical issues from both an economic and ecological perspective • examines specific strategies to foster the restoration of natural capital and offers a synthesis and a vision of the way forward Nineteen case studies from around the world illustrate challenges and achievements in setting targets, refining approaches to finding and implementing restoration projects, and using restoration of natural capital as an economic opportunity. Throughout, contributors make the case that the restoration of natural capital requires close collaboration among scientists from across disciplines as well as local people, and when successfully executed represents a practical, realistic, and essential tool for achieving lasting sustainable development.

The field of ecological restoration is a rapidly growing discipline that encompasses a wide range of activities and brings together practitioners and theoreticians from a variety of backgrounds and perspectives, ranging from volunteer backyard restorationists to highly trained academic scientists and professional consultants. Ecological Restoration offers for the first time a unified vision of ecological restoration as a field of study, one that clearly states the discipline’s precepts and emphasizes issues of importance to those involved at all levels. In a lively, personal fashion, the authors discuss scientific and practical aspects of the field as well as the human needs and values that motivate practitioners. The book: -identifies fundamental concepts upon which restoration is based -considers the principles of restoration practice -explores the diverse values that are fulfilled with the restoration of ecosystems -reviews the structure of restoration practice, including the various contexts for restoration work, the professional development of its practitioners, and the relationships of restoration with allied fields and activities A unique feature of the book is the inclusion of eight “virtual field trips,” short photo essays of project sites around the world that illustrate various points made in the book and are “led” by those who were intimately involved with the project described. Throughout, ecological restoration is conceived as a holistic endeavor, one that addresses issues of ecological degradation, biodiversity loss, and sustainability science simultaneously, and draws upon cultural resources and local skills and knowledge in restoration work.

Natural capital is what nature provides to us for free. Renewables—like species—keep on coming, provided we do not drive them towards extinction. Non-renewables—like oil and gas—can only be used once. Together, they are the foundation that ensures our survival and well-being, and the basis of all economic activity. In the face of the global, local, and national destruction of biodiversity and ecosystems, economist Dieter Helm here offers a crucial set of strategies for establishing natural capital policy that is balanced, economically sustainable, and politically viable. Helm shows why the commonly held view that environmental protection poses obstacles to economic progress is false, and he explains why the environment must be at the very core of economic planning. He presents the first real attempt to calibrate, measure, and value natural capital from an economic perspective and goes on to outline a stable new framework for sustainable growth. Bristling with ideas of immediate global relevance, Helm’s book shifts the parameters of current environmental debate. As inspiring as his trailblazing The Carbon Crunch, this volume will be essential reading for anyone concerned with reversing the headlong destruction of our environment.

The Latin American continent contains an incredibly rich diversity from which humans derive a range of ecosystem services (e.g. material goods, cultural benefits, climate regulation, etc.) that contribute to livelihoods and well-being. It has become critical to reconcile social and environmental issues in the region to ensure that development is sustainable and aligned with the Sustainable Development Goals. To ensure the sustainable use and management of social and natural capital in the region, business, government, social enterprises and NGOs are engaging in different forms of social innovation that account for social, ecological and environmental values. This requires the integration of social and natural capital into decision-making at all levels. Latin America presents a useful scenario to explore social innovation in relation to social and environmental values and the management of local human and natural resources. This book presents social innovation initiatives that incorporate social and natural capital into decision-making processes in Latin America. This book aims to provide the reader with an insight into the relevance of social innovation for maintaining and restoring social and natural capital in Latin America. Using case studies from Ecuador, Colombia, Peru, Chile and Mexico, this book provides an insight into the interactions between social innovation and social and natural capital in Latin America and will be of interest to researchers, academics and students in the fields of social innovation, management studies, environmental economics and sustainability.

This publication outlines an action agenda for governments, business, and civil society to restore and sustain ecosystem services: the benefits people receive from nature such as fresh water, food, protection from floods, and spiritual enrichment. The action agenda responds to the Millennium Ecosystem Assessment finding that globally nearly two thirds of ecosystem services assessed were degraded. The agenda is informed by the recommendations of 17 policy experts from around the globe.