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2024-04-23 06:53:40

Natural Capital as a Stock Option
O. Bertolami
https://arxiv.org/abs/2404.14041 https://arxiv.org/pdf/2404.14041

Natural Capital as a Stock Option
The unfolding climate crisis is a physical manifestation of the damage that market economy, driven by the high intensity consumption of fossil fuels, has inflicted on the Earth System and on the stability conditions that were established by a complex conjugation of natural factors during the Holoecene. The magnitude of the human activities and its predatory nature is such that it is no longer possible to consider the Earth System and the services it provides for the habitability of the planet, …