Sara King BSc (Hons) ACIEEM

Posted by Sara King BSc (Hons) ACIEEM on 29/10/2013

OK, so money doesn’t physically grow on trees but thanks to Natural Capital Accounting methods natural habitats including trees, woodlands, and other habitats are increasingly being given a value. This value is referred to as Natural Capital and aims to assess the value of natural habitats to inform economic decisions. For example, woodlands have value on both a social and biodiversity level, as well as value for carbon storage and timber production. We all know that green open spaces have value. Quantifying this indicates its natural capital.

Posted by Sara King BSc (Hons) ACIEEM on 15/04/2013

A recent study has assessed the value of the Natura 2000 network, a European network of protected wildlife sites, to be €300bn a year. This is the equivalent of 2-3% of the European Union GDP. The estimated value of the site network is far higher than the current funding allocated to preserving the sites, and justifies continued or even increased funding of nature protection at the European scale.