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A year ago I traveled to Detroit to moderate a discussion between Mark Tercek, the head of the Nature Conservancy (TNC)—one of the biggest green groups in the U.S.—and Andrew Liveris, the CEO of Dow Chemical. They were in town to talk about an innovative collaboration that would help TNC develop strategies that would help [...]
How much is nature worth? On one hand, the question seems absurd. Is it possible to put a price on the value of an endangered species? Or figure out the dollar worth of a clean river, or uncontaminated air. Environmentalism—at least its more romantic strain—has largely defined itself in opposition to the naked market, where [...]
Can you put a price on a tree? How about a babbling brook? Or an unspoiled mountain vista? It turns out you can—and this is not a Mastercard commercial. Early this morning at the Nagoya meeting of the Convention on Biological Diversity (CBD), the United Nations released The Economics of Ecosystems and Biodiversity (TEEB) study, [...]
