Valuation of natural capital awarded 2012 Volvo Environment Prize
Gretchen Daily, professor at Stanford University in California and one of the world’s foremost experts on the valuation of natural capital is awarded the 2012 Volvo Environment Prize. She is convinced that the only way to create long-term welfare is to quantify the value of ecosystems.Putting a price on nature is controversial among many in the environmental movement. The beauty value of nature, the benefits of living seas, healthy forests and species diversity cannot, say critics, be given a monetary price tag. “I understand their concern,” says Gretchen Daily, “but today the problem is