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english_major OP t1_iwh0jla wrote

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.


Elenamcturtlecow96 t1_iwhfjbk wrote

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.""


Ironmxn t1_iwhenj2 wrote

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.


onegunzo t1_iwhf8ac wrote

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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