What If Nature Were For Sale?

Source: Heartland Institute
by Greg Walcher

“The New York Stock Exchange (NYSE) recently announced the launch of a new ‘asset class,’ one whose members will be referred to as ‘Natural Asset Companies.’ … The Intrinsic Exchange Group further explained that NACs will give owners the ability to convert ‘nature’s value’ into capital, which will provide money ‘to power a sustainable future.’ They estimate the value of the ‘global ecosystem services market’ at $125 trillion annually, including areas like carbon sequestration (forests), biodiversity (wildlife), and clean water. We all know the importance of clean water, we want healthy wildlife and plant populations, and we understand the value of forests. But how exactly do you put a value on that, and how does Wall Street make money from it?” (12/28/21)