What is the value of different elements of the natural environment in economic terms and more generally? How can we best capture and integrate intangible values into decision-making?

Background

Adopting a natural capital approach improves understanding of economic, social, cultural, and environmental values. Helping to encourage behaviours and practices that support stewardship and sustainability.

Next steps

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Source

This question was published as part of the set of ARIs in this document:

DEFRA Research and innovation interests GOVUK

Related UKRI funded projects


  • Natural Capital

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    The project focuses on natural capital and its importance in decision-making, addressing the question's concern about capturing and integrating intangible values.

  • NAVIGATE: Understanding NAture's multiple Values for InteGrATion into dEcisions

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    Why might this be relevant?

    The project focuses on understanding non-instrumental value concepts and integrating them into economic thinking and policy decisions, which aligns with the question's goal of capturing intangible values.

  • ADVANCES (ADVancing Analysis of Natural Capital in LandscapE DecisionS)

    Natural Capital is a fundamental component of an economy's stock of resources upon which human health, well-being and wealth depend. Economic growth and development are conditioned by the economy's overall capital stock ...

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    Why might this be relevant?

    The project aims to develop better tools to assess changes in natural capital, which directly relates to capturing and integrating intangible values into decision-making.

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    Funded by: NERC

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  • Interdisciplinary Network for Valuing Biodiversity, Ecosystem Services and Natural Resource Use

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  • Valuing nature

    In recent years, it has been argued-increasingly-by government and business that we ought to conceptualise the natural world as 'natural capital': that we ought to think of nature as a kind of 'capital', just like machin...

    Funded by: AHRC

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  • NEC05943 Natural Capital Knowledge Exchange to Support Healthy Local Economies (Open Call)

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  • Taking the debate on nature's value to the valuers [A follow on funding bid based upon the AHRC Research Network on 'Debating Nature's Value']

    This project takes the critical debate on the project of seeking to numerically capture nature's value, a debate that has been occurring in the academy and with some practitioners, fully to those responsible for doing th...

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    Lead research organisation: University of East Anglia

  • Valuing Green Infrastructure Through Tree Assessment TooLs (VITAL)

    In recent years environmental and social scientists working with economists have begun to understand the value that nature provides to society. These 'ecosystem services' (ES) include things like the provisioning of food...

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    Funded by: NERC

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