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The TV Programme “PresaDiretta” has realized an episode dedicated to the natural capital’s value in Italy. Prof. Davide Marino, our colleague and partner in IES Alliance, was interviewed on the value of natural capital. Here you can find the advertise and the direct link to watch it in streaming (in Italian language) http://www.presadiretta.rai.it/dl/portali/site/puntata/ContentItem-8a47bc39-eda2-4d90-ae92-c567e2e08228.html

Businesses often privatize profits and publicize costs, as they do not pay directly for environmental externalities such as greenhouse gas emissions, water use, land use consumption, air pollution, land and water pollution. This document elaborated for the TEEB, affirm that the total unpriced natural capital consumed by the more than 1,000 “global primary production and primary processing region-sectors” amounts to $7.3 trillion a year — 13 percent of 2009 global GDP. Other most important outcomes are: greenhouse gases from coal

The Economics of Ecosystems and Biodiversity (TEEB) is a global initiative focused on “making nature’s values visible”. Its principal objective is to mainstream the values of biodiversity and ecosystem services into decision-making at all levels. TEEB is supported by many donors and involves many partners. Natural Capital accounting is one of the areas of work of TEEB.

“Nature provides innumerable services that underpin food security, human well-being and indeed, the global economy” says the UN Environment World Conservation Monitoring Centre (UNEP-WCMC), recognizing biodiversity has intrinsic and cultural values beyond economics. The UNEP-WCMC has recently supported the elaboration of the global map of natural capital, which includes assets such as freshwater resources, soil quality, organic carbon, terrestrial and marine biodiversity, and global fish catch (as a proxy for marine fish stocks). The report builds on

Accordingly to the World Bank, Natural capital is a critical asset, especially for developing countries where it makes up a significant share (36%) of total wealth. The World Bank does not limit its action to scientific and technical papers elaboration, like the well-know  “Where is the Wealth of the Nation” ? An important international initiative is WAVES , the Wealth Accounting and the Valuation of Ecosystem Services, a World Bank-led global partnership that aims to promote

The Natural Capital has a significant value and it can be expressed in terms of ecosystem services’ significance. In 1997 Robert Costanza and colleagues first estimated that ecosystem services worldwide are worth an average $33 trillion annually ($44 trillion in 2014’s dollars), nearly twice the global GNP of around $18 trillion ($24 trillion in 2014’s dollars). In 2014, Costanza and colleagues have reviewed this assessment, and they estimated that ecosystem services in 2011 worth $ 41.6, $4