A tale of three capitals: preserving natural capital

The current economic system fundamentally undervalues biodiversity and natural capital’s contribution to the global economy. This is the message of last year’s report The Economics of Biodiversity: The Dasgupta Review, commissioned by the Treasury. This details how the demands we are placing on the environment are causing potentially irreversible damage to the planet’s capacity to supply the goods and services on which we depend, creating significant risks to society. It was commissioned to change the debate around the economics of biodiversity, in the same way that 2007’s landmark report The Economics of Climate Change: The Stern Review changed climate change discourse.

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