The economics of nature

I rather like to following quote, the first sentence in an editorial titled “The economics of nature”  on the website of The Hindu and dated October 22, 2012.

The strongest message to emerge from the global conference of the Convention on Biological Diversity in Hyderabad is that countries allowing their natural capital to be rapidly depleted and destroyed in pursuit of short-term goals are dangerously risking their future.

But the statement should include more than just biological diversity.  It should include all resources including energy and agricultural resources.

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