IDEAS home Printed from https://ideas.repec.org/p/arx/papers/2404.14041.html
   My bibliography  Save this paper

Natural Capital as a Stock Option

Author

Listed:
  • O. Bertolami

Abstract

The unfolding climate crisis is a physical manifestation of the damage that market economy, driven by the high intensity consumption of fossil fuels, has inflicted on the Earth System and on the stability conditions that were established by a complex conjugation of natural factors during the Holoecene. The magnitude of the human activities and its predatory nature is such that it is no longer possible to consider the Earth System and the services it provides for the habitability of the planet, the so-called natural capital, as an economical externality. Thus one is left with two main choices in what concerns the sustaintability of the planet's habitability: radical economic degrowth or highly efficient solutions to internalise the maintenance and the restoration of ecosystems and the services of the Earth System. It is proposed that an interesting strategy for the latter is to consider the natural capital as a stock option.

Suggested Citation

  • O. Bertolami, 2024. "Natural Capital as a Stock Option," Papers 2404.14041, arXiv.org.
  • Handle: RePEc:arx:papers:2404.14041
    as

    Download full text from publisher

    File URL: http://arxiv.org/pdf/2404.14041
    File Function: Latest version
    Download Restriction: no
    ---><---

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:arx:papers:2404.14041. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: arXiv administrators (email available below). General contact details of provider: http://arxiv.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.