New formula assigns dollar value to natural resources
Wednesday, June 11, 2014 - 11:45
in Mathematics & Economics
A first-of-its-kind, interdisciplinary equation to measure the monetary value of natural resources has been developed by researchers. The equation uses principles commonly used to value other capital assets. In assigning natural capital monetary value, the approach will have widespread implications for policymakers and various stakeholders, and will also advocate for the creation of robust asset markets for natural capital, a much-needed advance.