Jackie Fookes believes that including natural capital in project decision-making is vital to preserving and restoring our precious environment and ecosystems.
Our natural capital is vital for sustaining life on Earth. Our planet’s stock of forests, water, land, minerals, and oceans provides valuable flows of goods and services that are important for managing floods and water quality, maintaining soil fertility and providing food, and for reducing air pollution and adapting to climate change.
People also like to explore nature, and access to the natural environment is crucial for our health and well-being.
Yet effective consideration of natural capital is mostly absent from important economic decision-making. Gross domestic product or GDP is a measure of economic health, but natural capital rarely gets a mention. The health of our plants, animals, air, water, soils, minerals, etc. is either hidden or excluded — and is in decline in too many places.