Environmental economics, a theoretical foundation stone of the Green Economy, frames the situation in terms of an additional body of assets in addition to the capital found on companies balance sheets: these additional assets are those common to all of us – the oceans, the atmosphere, and so on – they are our natural capital. Just as with corporate capital, natural capital has an economic value. And activities that decrease the value of our natural capital, damage humankind’s balance sheet.
By: Andrew ZP Smith, Senior Research Associate, UCL Energy Institute
http://www.energynumbers.info/wp-content/uploads/Why-the-green-economy.pdf
