We need to consider nature as capital to become more sustainable

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Researchers today outlined in a series of reports how governments, organizations and corporations are successfully moving away from short-term exploitation of the natural world and embracing a long-term vision of “nature as capital” – the ultimate world bank upon which the health and prosperity of humans and the planet depend.

The reports, published in the Proceedings of the National Academy of Sciences, suggest that significant progress has been made in the past decade, and that people, policy-makers and leaders around the world are beginning to understand ecosystem services as far more than a tree to cut or fish to harvest.

Researchers today outlined in a series of reports how governments, organizations and corporations are successfully moving away from short-term exploitation of the natural world and embracing a long-term vision of “nature as capital” – the ultimate world bank upon which the health and prosperity of humans and the planet depend.

The reports, published in the Proceedings of the National Academy of Sciences, suggest that significant progress has been made in the past decade, and that people, policy-makers and leaders around the world are beginning to understand ecosystem services as far more than a tree to cut or fish to harvest.

“Valuing nature means understanding the myriad ways in which our communities, health and economies depend on ecosystems,” said Jane Lubchenco, a distinguished professor at Oregon State University, former director of the National Oceanic and Atmospheric Administration, and co-leader of this group of studies.

“There is now broad appreciation of nature’s values and we are learning how to incorporate that knowledge into policy and management decisions by governments, financial institutions and businesses,” she said. “In 10 years we’ve gone from very little specific understanding to powerful examples, where working with nature is benefitting people now and in the future.”

The stakes are high. The world’s gross domestic product has increased nearly 60 times since the start of the Industrial Revolution, the researchers point out, allowing a dramatic increase in the standard of living even as Earth’s population surged.

But with global environmental threats in the future and a world population that may approach 10 billion by 2100, the health of nature will literally become a life-support system that no longer can tolerate short-term production and consumption at the expense of natural stewardship. Disasters such as the 2010 Deepwater Horizon oil spill are being evaluated not just based on the immediate damage, but also the long-term costs such as lost water filtration, hunting and fishing.

Scientists say that just in recent years, we may be turning the corner toward approaches that could help the planet and all its natural inhabitants to live long and prosper.

In the U.S., some coastal restoration practices gained support as more people understood their additional value for carbon sequestration and storage. In Denver, a water board provided $32 million for forest restoration work to avoid damage to water quality caused by large wildfires.

Costa Rica has transformed itself from having the world’s highest deforestation rate to one of the few countries with net reforestation. South Africa has linked development and ecosystem service planning to better allocate water, reduce poverty and avoid disasters. China is creating a network of “ecosystem function conservation areas” that focus conservation in areas with a high return on investment. In the Brazilian Amazon, environmental protection has helped reduce the incidence of malaria, acute respiratory infection and diarrhea.

Rice terraces and workers in Vietnam image via Shutterstock.

Read more at Oregon State University.