
The Economics of Nature: Using Natural Resource Valuation to Strengthen Conservation and Resilience
How much does the environment cost? Answering this question is quite contentious, given the debate on whether nature can be assigned a monetary value. The contention against the “financialization” of nature is primarily grounded on potential abuse by polluters, especially those with the capacity to pay for their destructive activities even if the damage done is irreparable (Ouma et al., 2018). The discussion on economics cannot be completely ignored in conservation though, given its impact to the livelihood of the community. READ MORE