50 Shades of Green Part II: The Fallacy of Environmental Markets

Hache, Frédéric

doi:10.2139/ssrn.3547414

Cited by 6 publications

(3 citation statements)

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“…More simply all concepts of Nature are reduced to capital. Natural capital is an anthropocentric and utilitarian view of Nature, where Nature is reframed as contributing goods and services solely for human well-being (Hache, 2019). In The Review, ecosystem services are classified, following the Common International Classification of Ecosystem Services (see Haines-Young & Potschin, 2018), as either:…”

Section: What Is Problematic About It?mentioning

confidence: 99%

The Dasgupta Review deconstructed: an exposé of biodiversity economics

Spash

Hache

2021

Globalizations

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The Dasgupta Review is the latest attempt at justifying financialisation of Nature, but also much more. It represents a high point in applying concepts of capital and wealth accumulation comprehensively to all aspects of human and non-human existence. Unravelling the flaws in the arguments, contradictions and underlying motives requires both understand of and cutting through the specialist language, neoclassical economic models, mathematics and rhetoric. We offer a critical guide to and deconstruction of Dasgupta's biodiversity economics and reveal its real aim. Framing critical biodiversity loss as an issue of asset management and population size is a blind to avoid questioning economic growth, which remains unchallenged and depoliticized despite apparently recognizing natural limits. Dasgupta ignores long-standing problems with capital theory and social cost-benefit analysis. Rather than a scientific review of biodiversity economics he offers impossible to achieve valuation, based on old flawed theories and methods, embedded in an unsavoury political economy.

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Section: What Is Problematic About It?mentioning

confidence: 99%

The Dasgupta Review deconstructed: an exposé of biodiversity economics

Spash

Hache

2021

Globalizations

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“…The need for assets to generate returns reveals an uncomfortable truth about the constraints on private finance in facilitating nature protection (Hache 2019). Unlike low-carbon investments, many conservation projects may not yield returns that are monetisable in the conventional sense.…”

Section: Nature-related Financial Risks and The Financial Systemmentioning

confidence: 99%

“…Moreover, the role of private finance in supporting nature protection is less clear than for climate mitigation. Unlike low-carbon investments, preservation, conservation and restoration projects may not yield returns that are monetisable in the conventional sense (Chenet 2019;Hache 2019). Yet private finance does have a crucial role to play in accelerating the transition to sustainable ways of doing business.…”

Section: Introductionmentioning

confidence: 99%

Managing Nature-Related Financial Risks: A Precautionary Policy Approach for Central Banks and Financial Supervisors

Kedward¹,

Ryan-Collins²,

Chenet

2020

SSRN Journal

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Kapitel 16. Geld- und Finanzsystem

Miess

2023

APCC Special Report: Strukturen Für Ein Klimafreundliches Leben

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ZusammenfassungDieses Kapitel bewertet anhand eines breiten Überblicks an Literatur aus Marktperspektive, Innovationsperspektive, Bereitstellungsperspektive und Gesellschaftsperspektive, inwiefern Anreizstrukturen des Geld- und Finanzsystems die Transformation zu einer klimafreundlichen und nachhaltigen Lebensweise in Österreich begünstigen oder behindern. Zudem trifft es eine literaturbasierte Einschätzung darüber, in welche größeren wirtschaftlichen und gesellschaftlichen Strukturen das Geld- und Finanzsystem in Österreich eingebettet ist. Bereits eingeleitete und potenzielle zukünftige Reformen des Finanzsystems und Änderungen des bestehenden Geldsystems werden dahingehend überprüft, inwiefern sie Kapitalströme mobilisieren können, die für die Finanzierung der Strukturen für eine klimafreundliche Lebensweise notwendig sein werden.

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50 Shades of Green Part II: The Fallacy of Environmental Markets

Cited by 6 publications

References 0 publications

The Dasgupta Review deconstructed: an exposé of biodiversity economics

The Dasgupta Review deconstructed: an exposé of biodiversity economics

Managing Nature-Related Financial Risks: A Precautionary Policy Approach for Central Banks and Financial Supervisors

Kapitel 16. Geld- und Finanzsystem

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