Applying the concept of natural capital criticality to regional resource management

MacDonald, D. V., Hanley, N. and Moffatt, I. (1999) Applying the concept of natural capital criticality to regional resource management. Ecological Economics, 29(1), pp. 73-87. (doi:10.1016/S0921-8009(98)00051-2)

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Abstract

This paper applies the concept of natural capital stock, and identifies its critical elements, in a regional sustainable development context in order to assess its conceptual and practical relevance. Assessment of the physical stock of natural capital was undertaken for Central Region in Scotland. It was found that the concept can be a useful way of assessing, and giving greater recognition to natural resources at a regional or local level. However, identification of critical levels of resources was less straightforward. The lack of clear guidelines relating to criteria of criticality, natural capital category aggregation issues, and conflicts between types of critical natural capital were encountered as major issues. The application of an absolute preservation rule was found to suffer from the same general disadvantages as any absolute rule. Nevertheless, the assessment of natural capital and identification, where possible, of critical elements were thought to be a useful adjunct to sustainable development work.

Item Type:Articles
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Hanley, Professor Nicholas
Authors: MacDonald, D. V., Hanley, N., and Moffatt, I.
College/School:College of Medical Veterinary and Life Sciences > Institute of Biodiversity Animal Health and Comparative Medicine
Journal Name:Ecological Economics
Publisher:Elsevier
ISSN:0921-8009
ISSN (Online):1873-6106

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