The Economically Necessary Beaver...
My talk last week at the Necessary Beaver Conference on Scotland
Beavers and Ecosystem Services & a plan for Scotland’s Ecological Renaissance, with the help of Robert Burns…..?
The study of ecology and economics has resulted in a growing interest in the economics of nature which has been shown in sharp relief by the arrival of the Tay beavers. Peter Smith will take you on a quick journey into the emerging world of environmental economics and ecosystem services– where many of the benefits go unrecognised and much of the cash costs cause fear and opposition to the return of wildlife
Beavers make a big difference to our rivers and this means there are winners and losers. There are many obvious and subtle benefits to beavers living in our water ways once again: wildlife, water quality and the buffering of floods & droughts, carbon sequestration are the most obvious, . But how can we measure these benefits, what are the leading scientists and economists thinking when it comes to putting monetary value on these benefits
A proper compensation strategy, based in land values & taxation, could be the Solution to the whole problem of protecting nature and stimulating human progress, by getting to the very economic roots of the problem– we can see how simple economic steps, such as Land Value Tax & Green taxes, can efficiently and effectively internalise the costs and benefits of Scotland’s Ecological Renaissance by following the forgotten advice of Scotland’s Greatest minds including, Adam Smith, William Ogilvie & even Robert Burns himself!
Beavers and Ecosystem Services & a plan for Scotland’s Ecological Renaissance, with the help of Robert Burns…..?
The study of ecology and economics has resulted in a growing interest in the economics of nature which has been shown in sharp relief by the arrival of the Tay beavers. Peter Smith will take you on a quick journey into the emerging world of environmental economics and ecosystem services– where many of the benefits go unrecognised and much of the cash costs cause fear and opposition to the return of wildlife
Beavers make a big difference to our rivers and this means there are winners and losers. There are many obvious and subtle benefits to beavers living in our water ways once again: wildlife, water quality and the buffering of floods & droughts, carbon sequestration are the most obvious, . But how can we measure these benefits, what are the leading scientists and economists thinking when it comes to putting monetary value on these benefits
A proper compensation strategy, based in land values & taxation, could be the Solution to the whole problem of protecting nature and stimulating human progress, by getting to the very economic roots of the problem– we can see how simple economic steps, such as Land Value Tax & Green taxes, can efficiently and effectively internalise the costs and benefits of Scotland’s Ecological Renaissance by following the forgotten advice of Scotland’s Greatest minds including, Adam Smith, William Ogilvie & even Robert Burns himself!
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