The Value of Nature

Here is Pavan Sukhdev over at TED with a thoughtful talk on the economic value of nature.

Plus an article by George Monbiot called "Why Libertarians must deny climate change" on a similar vein.

"Let us accept the idea that damage to the value of property without the owner’s consent is an unwarranted intrusion upon the owner’s freedoms. What this means is that as soon as libertarians encounter environmental issues, they’re stuffed.

Climate change, industrial pollution, ozone depletion, damage to the physical beauty of the area surrounding people’s homes (and therefore their value), all these, if the libertarians did not possess a shocking set of double standards, would be denounced by them as infringements on other people’s property.

The owners of coal-burning power stations in the UK have not obtained the consent of everyone who owns a lake or a forest in Sweden to deposit acid rain there. So their emissions, in the libertarian worldview, should be regarded as a form of trespass on the property of Swedish landowners. Nor have they received the consent of the people of this country to allow mercury and other heavy metals to enter our bloodstreams, which means that they are intruding upon our property in the form of our bodies."