Managing nature’s portfolio: why natural capital really matters
Whether as farmers or fishers, foresters or miners, households or companies, governments or communities, we manage the assets to which we have access, in line with our motivations as best as we can. But the best each of us can achieve with our individual portfolios may nevertheless result in a massive collective failure to manage the global portfolio of all our assets. We are like a crowd of people, each of us trying to keep balance on a hanging bridge, only to bring it crashing down. How would you know whether you are managing your portfolio of assets well? What rule would you follow? For simplicity, ...