There is much in the news today – particular in the British ‘The Guardian” about the economic costs of environmental destruction. Is there such a thing? Can we place a monetary value on the environment, on ecosystems, on animal and plant life, on life itself?
But can there be a price tag?…
‘There is no wealth but life’ … smoke issues from a factory in Anfeh, Lebanon. Photograph: Joseph Eid/AFP/Getty Images
“By putting a price on nature, hopefully it makes it less likely that we will treat the world, and its natural resources, as if it were a business in liquidation. Yet there is a point when it becomes meaningless to treat the ecosystems upon which we depend as mere commodities with a price for trading. For example, what price would you put on the additional tonne of carbon which, when burned, triggers irreversible, catastrophic climate change? Who would have the right to even consider selling off the climate upon which civilisation depends? The avoidance of such damage is literally priceless.”
And then there’s this article as well in The Guardian:
A UN report due later this year will look into the economic cost of environmental damage. Photograph: JAVIER GALEANO/AP
Check it out as well…