The principle is that nature is an unpaid worker providing services, like carbon sequestration, soil retention, water filtration, replenishing raw materials and more.
It is providing an invisible subsidy to world economies.
Take carbon pricing.
Poor countries that have abundant natural resources are loaning their economic resources, like the carbon-sequestering value of their rainforests, to rich countries without compensation.
Why add such a pricing structure when economies can exploit nature for free?
Persons:
John Kerry, ” It’s
Organizations:
Democratic, Resilience
Locations:
Democratic Republic of, Congo