HOME

NEWS

CHARITIES

VOLUNTEER

ACTION CENTER

ADD CHARITY

CONTACT

SUPPORT

World Environment Community Health Animals Celebrity Submit A Site Find A Charity
Dow Chemical to put a price tag on nature's sustainability

By Matt Marusiak, Tainted Green

1316 days ago   Article ID# 871880
Original URL

 

The Nature Conservancy

NEW YORK, NEW YORK (Tainted Green) - The natural world is ignored by accountants, and its services don’t appear on a balance sheet. But natural systems provide important functions that help businesses thrive, and their loss would not only affect the sustainability of the natural world, but also the sustainability of the businesses that depend on these natural systems. To address this issue, the Dow Chemical Company and the Nature Conservancy are working together to put a dollar value on the services provided by nature. But is this a green undertaking or a greenwash?

Natural systems supply important functions – such as stormwater control, flood protection, ground water recharge, and water filtration – that, once gone, are very are costly to replace. Nature also provides a readily available laboratory to find new medicines and innovative products. But these benefits of nature are seldom recognized until they are gone.

In order to account for the benefit of natural systems, Dow Chemical is working with the Nature Conservancy to develop methods and tools to assess the value nature provides. Ideally, these tools will help drive business decisions to protect these natural systems and the natural world as a whole. Dow has committed $10 million for the five-year study.

Although the effort sounds great, chemical companies and other industries should not surprised at skepticism at such an endeavor. Too many companies are driven by quarter-to-quarter thinking, and are unable to focus on long term effects. Additionally, perhaps the research would allow a company to pollute in “smarter” ways. For example, if a natural system is not providing valuable services to the economy, its destruction could then be justified. And industry has a long history of externalizing its costs to society. Would simply having a better understanding of the cost really result in different behavior?

And it goes without saying that nature has a value beyond the services it provides. How can you value what is irreplaceable? A net present value calculation may simplify decisions too easily.

On the other hand, the reality of our economic and political system is to value only that which can be assigned a dollar amount. Putting a price tag on the services provided by natural systems is essential in order to protect them. The collaboration between Dow Chemical and the Nature Conservancy may be a first step in developing an economics that truly accounts for the value of the environment.

Copyright 2014 Tainted Green   (Copyright Terms)
Updated 1316 days ago   Article ID# 871880

The Nature Conservancy     View Charity Profile    Visit Website

More Nature Conservancy News

Nature Conservancy's new preserve open

53 days ago From Fremont News Messenger  

FREMONT, OHIO - Terry Seidel, Nature Conservancy's director of protection in Ohio, points out plants and wildlife on West Harbor at Great Egret Marsh Preserve. ...

Local Companies Donate Over $300,000 to The Nature Conservancy of Hawai'i

61 days ago From The Nature Conservancy  

ARLINGTON, VIRGINIA - With contributions from 49 businesses, The Nature Conservancy of Hawaii's Corporate Council for the Environment raised over $300,000 for local ...

Groups help state acquire Plum Creek lands in Cascades

76 days ago From The Spokesman Review 

SPOKANE, WASHINGTON - PUBLIC LANDS — The Nature Conservancy has purchased 1,280 acres of timberland from Plum Creek in the Manastash area west of Ellensburg, ...

'Living shoreline' protects creekside

131 days ago From Delmarva Daily Times 

SALISBURY, MARYLAND - Nature Conservancy volunteers Marie Dunlap and Michael Jordan came from Richmond to take part in the event. Jordan said some property owners ... Flag as irrelevant Edit this alert You have received this email ...

Save The Bays lauds Nature Conservancy's coral reef farming program, renews support

145 days ago From Bahama Islands Info 

NASSAU, BAHAMAS - A.cervicornis coral fragment at 3 months - Image by Eddy Raphael NASSAU, Bahamas -- A program aimed at replenishing coral reefs by undersea ... Flag as irrelevant Edit this alert You have received this email ...

Go to page:   1    2  3  4  5  6  7  8  9  10  Next >> 

<< Return To Environment News

Action Center

Antarctic sea ice set for record high as Arctic heads for sixth lowest extent

Action: Climate Change

The extent of sea ice in Antarctica is set to reach a record high, scientists said on Tuesday, as they announced that Arctic ...

Malayan tiger population plunges to just 250-340 individuals

Action: Wildlife Conservation

Malaysia is on the edge of losing its tigers, and the world is one step nearer to losing another tiger subspecies: the Malaya ...

Palm oil giants announce deforestation moratorium -- effective immediately

Action: Stop Deforestation

Five of the world's largest palm oil producers have announced an immediate moratorium on palm oil sourced via clearance of po ...

99 per cent of Sweden's waste is now reused

Action: Stop Pollution

Around 99 per cent of Sweden's garbage is now recycled and the country is so efficient at managing waste they are importing i ...

Give Bluefin a Break, Help End High-seas Fishing

Action: Save Our Oceans

Despite years of science showing dangerously high levels of overfishing, the international community has failed to throw Paci ...

View All Actions >>

 

 

Charities

News

Follow Us

Support

Find A Charity

Action Center

World

Community

Facebook

Twitter Support

Contact

Volunteer

Add A Site

Environment

Animals

Google+

Privacy Policy

Copyright

 

 

Health

Celebrity

Terms of Service

Copyright © The Charity Vault All rights reserved.