Will Putting a Price on Nature Ultimately Just Undermine Its Value To Us?


photo: davidgsteadman/Creative Commons

I've long be a proponent of making people aware of the myriad practical services that intact, or at least functioning, ecosystems provide. From protecting against flooding, to maintaining climate, to countless medicines, etc etc, it's all stuff that's more expensive to do when humans do it, and we take it for granted. Which is where projects like TEEB come in, calculating the price for all these things--and it's absolutely huge, by the way.

But while still maintaining that such analysis is useful, I increasingly wonder if assigning dollar figures to currently unpriced nature, just undermines efforts to get people to see that there is more to nature, there is more to the world than the economic or financial value we place on it?I've been going back and forth about writing something about this ever since my colleague Stephen Messenger tried to explain why we must not consider nature priceless, but never quite got around to it--partly because I realize it's swimming upstream a bit and I wondered if I wasn't just overreacting or worrying to much about an abstract eco-philosophical concept.

After all, if pricing nature leads people to protect more of it and help drive a shift in society towards more ecosocioculturally sustainable development, who am I to argue about motivation? Right?

Then I read a recent piece by George Monbiot on the recent Conference on Biological Diversity that concluded in Japan, with what he argues is a worthless deal, a con. In it he really articulates the sort of doubts I've been better than I've been able to in the past few days:

As soon as something is measurable it becomes negotiable. Subject the natural world to cost-benefit analysis and accountants and statisticians will decide which parts of it we can do without. All that now needs to be done to demonstrate that an ecosystem can be junked is to show that the money to be made from trashing it exceeds the money to be made from preserving it. That, in the weird world of environmental economics, isn't hard: ask the right statistician and he'll give you any number you want.

This approach reduces the biosphere to a subsidiary of the economy. In reality it's the other way round. The economy, like all other human affairs, hangs from the world's living systems. You can see this diminution in the language TEEB reports use: they talk of "natural capital stock", of "underperforming natural assets" and "ecosystem services". Nature is turned into a business plan, and we are reduced to its customers. The market now owns the world.

The TEEB analysis is correct in an analytical way, but at the same time feeds into a non-holistic mindset where everything is a commodity and substitutable.

I'm not saying that the authors of TEEB believe that, there's every indication that they believe exactly the opposite, but nevertheless by framing the discussion in financial terms potentially just reinforces the philosophical and psychological frameworks that have led to so much destruction of people, animals and environment in the first place.

In attempting to compartmentalize and analyze and price the pieces of existence, we risk moving even farther away from seeing and experiencing it as a whole. We risk even moving farther from the sort of reverential attitude of stewardship that is required for sustainably managing the lands under our trust--which let's not forget, with population growth and ever expanding resource usage means more and more of it.

Like this? Follow me on Twitter and Facebook.
More on Ecosystem Services:
More Corn = $58 Million in Lost Ecosystem Services, More Aphids, Fewer Ladybugs
Wealthy Countries Should Pay 'Rainforest Utility Bills' for Ecosystem Services Rendered: Prince Charles
More Nations Pricing Biodiversity: India & Norway Will Publish Natural Wealth Account Data
Why the World Must Not Consider Nature Priceless

Tags: Biodiversity | Economics

Best of TreeHugger 2014

WHAT'S HOT ON FACEBOOK