The concept here is a good one though it might need to be developed in order to be adapted by other municipalities. The basic premise that nature has value should be recognized. If people and corporations devalue our natural assets, they should have to pay compensation.

We should recognize that nature has value in itself, but that hasn't worked very well so far. The ends justify the means, I guess.

I like this quote: ""It's not about putting a dollar figure on the environment," said Emanuel Machado, the town's chief administrative officer. "But the reality is that decisions are made with data, particularly with financial data, and if you want to provide … a business case in this for a natural alternative, then you have to understand the value of that service.""

The concept of natural resource economics has been talked about for at least a century, but I’m glad to say it’s been becoming an increasingly more popular idea since at least the 90s, especially with the NOAA’s work.

As long as it's an international standard, I'm 100% for it. If it's just for a municipality, province or country, it just penalizes the people within those borders.

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