A Handbook for Understanding Natural Capital - Earth Economics

The EVT platform accepts geographic and biophysical inputs,
and outputs economic values with associated science-based
ESV modeling and analytical tools. Researchers, land managers,
planners, and policy makers can use EVT to reduce the cost
of valuation from tens of thousands of dollars to hundreds.
Broad adoption and application of the EVT by government
agencies, NGOs, and businesses will result in stronger networks
of protected areas, rigorous benchmarks for environmental
incentives and penalties, and greater understanding of the
economic importance of natural capital.
When a discipline reaches a certain state of maturity, the
standardization of language, taxonomies, applications, and
methods is required to go to scale. When standards are
adopted and data becomes readily accessible, phenomenal
growth occurs and novel applications are developed. The fields
of mathematics, information technology, and genetics have all
undergone a standardization process similar to the one EVT is
enabling for economics.
EVT offers a way to map monetary values onto the physical
world. These values, incorporated into economic frameworks,
can help direct policy and inspire solutions to our most pressing
environmental problems. By making ecosystem service
valuations more accessible, EVT will help prepare us for a
sustainable future, economically and environmentally.
EVT offers a way to map monetary values onto the physical
world. These values, incorporated into economic frameworks,
can help direct policy and inspire solutions to our most pressing
environmental problems. By making ecosystem service valuations
more accessible, EVT will help prepare us for a sustainable future,
economically and environmentally.
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