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The Economics of Conservation: Natural Capital Project Helps Determine the Cash Value of Nature
Posted on August 27, 2008
Economics is a force of nature. But just as importantly, nature is a force of economics. At least it should be.Determining the economic value of nature, in hard numbers, is the mission of Natural Capital Project. Founded in 2006, the Project is a partnership between Stanford-based Woods Institute for the Environment, the Nature Conservancy, and the World Wildlife Fund.The concept that a rainforest may be worth more in the long run than a bunch of harvested logs isn't hard to grasp conceptually, but it becomes a little harder in the day-to-day realities of human endeavor, especially for poor ...
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