Skip to main content

Advertisement

Log in

ENVIRONMENTAL ECONOMICS

Natural capital in climate models

  • News & Views
  • Published:

From Nature Sustainability

View current issue Submit your manuscript

Models typically used to analyse climate–economy interactions have paradoxically ignored much of nature’s value. A new study explicitly addresses this issue and reveals feedback loops between nature and the climate system that make climate change more costly.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

References

  1. Bastien-Olvera, B. A. & Moore, F. C. Nat. Sustain. https://doi.org/10.1038/s41893-020-00615-0 (2020).

  2. Dasgupta, P. & Mäler, K.-G. Environ. Dev. Econ. 5, 69–93 (2000).

    Article  Google Scholar 

  3. Agarwala, M., Atkinson, G., Baldock, C. & Gardiner, B. Nat. Clim. Change 4, 520–522 (2014).

    Article  Google Scholar 

  4. Ziv, G., Baran, E., Nam, S., Rodríguez-Iturbe, I. & Levin, S. A. Proc. Natl Acad. Sci. USA 109, 5609–5614 (2012).

    Article  CAS  Google Scholar 

  5. Coyle, D. GDP: A Brief but Affectionate History-Revised and Expanded Edition (Princeton Univ. Press, 2014).

  6. UK Natural Capital Accounts: 2019 (ONS, accessed 2 September 2020); https://go.nature.com/3399sHW

  7. Schmelzer, M. The Hegemony of Growth: The OECD and the Making of the Economic Growth Paradigm (Cambridge Univ. Press, 2016).

  8. Hein, L. et al. Science 367, 514–515 (2020).

    Article  CAS  Google Scholar 

  9. The Economics of Biodiversity: The Dasgupta Review (HM Treasury, accessed 2 September 2020); https://go.nature.com/35x0V4D

Download references

Author information

Authors and Affiliations

Authors

Corresponding authors

Correspondence to Matthew Agarwala or Diane Coyle.

Ethics declarations

Competing interests

The authors declare no competing interests.

Rights and permissions

Reprints and permissions

About this article

Check for updates. Verify currency and authenticity via CrossMark

Cite this article

Agarwala, M., Coyle, D. Natural capital in climate models. Nat Sustain 4, 81–82 (2021). https://doi.org/10.1038/s41893-020-00618-x

Download citation

  • Published:

  • Issue Date:

  • DOI: https://doi.org/10.1038/s41893-020-00618-x

  • Springer Nature Limited

This article is cited by

Navigation