16 Mar 2024

Gretchen Daily: the cost of not valuing nature

From Saturday Morning, 9:05 am on 16 March 2024
New Zealand native rain forest.

Photo: 123rf

Traditional systems of wealth measurement don't include nature's contributions.

Faculty Director of Stanford University's Natural Capital Project Professor Gretchen Daily thinks putting a dollar value on a mangrove, or a creek, or a honeybee is a vital paradigm shift.

Gretchen and her team help governments, international banks, and NGOs determine their gross ecosystem product, or GEP - a parallel concept to GDP.