Description
The philosophy and logistics behind “putting a price on nature” has become an important debate as our global environment undergoes rapid deterioration. With an increased emphasis on natural capital protection, countries question how this will affect their national economy. This paper will examine whether an increased protection of natural capital will positively influence GDP; the study analyzes national GDP in relation to the natural capital protection policies in each country. The wealth and demographics of the country will also be considered, as well as personal consumption, business investments, government spending, and net exporting.
Putting a Price On Nature: Does the Increased Protection of Natural Capital Positively Influence GDP?
The philosophy and logistics behind “putting a price on nature” has become an important debate as our global environment undergoes rapid deterioration. With an increased emphasis on natural capital protection, countries question how this will affect their national economy. This paper will examine whether an increased protection of natural capital will positively influence GDP; the study analyzes national GDP in relation to the natural capital protection policies in each country. The wealth and demographics of the country will also be considered, as well as personal consumption, business investments, government spending, and net exporting.