Bruce Dunn, Principal Environment Specialist at Asian Development Bank gives a great introduction to natural capital thinking in this three minute video.
“Natural capital is the world’s stock of natural assets, including air, geology, soil, water, and all living organisms. It is from natural capital that people reap ecosystem services. These ecosystem include the water we drink; the food we eat; and the plant materials we use for building materials, fuel, and medicines; there are also many less visible services such as the pollination of crops by insects, the climate regulation and natural flood defences provided by forests, and the billions of tons of carbon stored by peatlands. Natural capital has limits, either it is finite or because the processes for its renewal restrict rates of replenishment. It is increasingly important to (i) identify key components of natural capital and recognize inherent processes; (ii) understand current pressures and potential threats; (iii) develop mitigation strategies and technologies; (iii) recognize opportunities for integrated economic, environmental, social, and cultural development; and (iv) encourage effective stewardship that preserves natural capital for future generations.”
Watch more videos from Asian Development Bank here.