This article is repubublished with permission from the Natural Capital Project and the author, Stacey Solie.
How much does clean air contribute to a society’s well-being? Or having access to the calming shade of a city park? Economic systems that shape our built environment often fail to account for the contributions of natural systems, such as those that naturally filter and cool the air we breathe. The Institute on the Environment’s Natural Capital Project works to change the way people think about nature and to integrate the value it provides into land use and development decisions.
Economist Stephen Polasky co-founded NatCap at a time when economics was still viewed with suspicion by many conservationists. In an interview commemorating his 10 years with the organization, Polasky, a professor in the College of Food, Agricultural and Natural Resource Sciences and an IonE fellow, opens up about what it was like to be seen by some as an enemy of conservation. He also talks about what’s inspired him along the way, including how both China and Rwanda have embraced conservation as a way to bring prosperity to people, and whether NatCap has accomplished what he imagined back in the beginning. Continue reading
For the more than 200 attendees at a recent Minnesota Water Technology Summit, one thing was clear: Water is essential to life in Minnesota. “Water touches every aspect of our health, our recreation and our economic development,” said Bonnie Keeler, lead scientist of the Natural Capital Project and one of the panelists at the summit. “Water crises in California and elsewhere have added new urgency to understanding and anticipating water risks. Minnesota is a state rich in water resources, but even we are starting to see signs of stress in the form of polluted drinking water and depleted aquifers.” With this growing urgency comes increasing demand to understand the interactions between land management and water quality and to better quantify the benefits and costs of actions to protect and improve our water supply. Continue reading
Should we put a price tag on nature? IonE resident fellow Steve Polasky, Regent’s Professor of Applied Economics, Ecology, Evolution, & Behavior, and Fesler-Lampert Chair in Ecological/Environmental Economics at the University of Minnesota, explored that Big Question at this week’s Frontiers in the Environment event. Following the talk, attendees participated in a lively Q&A session. Here are six things we learned: Continue reading
Policy makers, land managers, and other stakeholders confront a dizzying array of environmental decisions. How do we best manage our natural resources? Where should we invest in conservation? Do we need stricter regulation of development or industry?
The Natural Capital Project, a core program of the Institute on the Environment, develops innovative tools and approaches to inform these important questions. Starting this year, the Minnesota team will add three full-time research positions — a lead scientist, an ecologist and an economist. The growing NatCap presence at IonE will enhance the program’s ability to meet increasing demand for data and tools that quantify the values of natural capital. Continue reading