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Natural Capital - The Battle for Biodiversity

Geoff Riley

26th December 2016

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Annually, the world spends nearly $40 billion on pesticides but only $50 billion a year on protecting bio-diversity. To sustain We are destroying the natural resources, wildlife and habitats that we depend upon for survival at a devastating pace.

Natural capital is a term used to describe those elements of the natural environment that provide benefits for humans.

This short OECD economics video looks at the decline of natural capital and what policy interventions might be needed to slow down or halt the process. This includes taxing negative externalities, reducing harmful subsidies, paying farmers for environmental husbandry and using bio-diversity offsets.

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Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD and Revision conferences in the UK and overseas.

@tutor2uGeoff

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