We’re still not measuring our reliance on nature as we rush to boost productivity

By Michael Vardon, Associate Professor at the Fenner School, Australian National University

Human economies are made possible through natural capital – stocks of land, fresh water, oceans, biodiversity and soils, among others. Farming isn’t possible without soil or water. Manufacturing isn’t possible without raw materials to convert into products. Service industries aren’t possible without reliable food.

This may seem like stating the obvious. But what’s obvious isn’t always acted upon. At last week’s high-profile Economic Reform Roundtable, natural capital was conspicuously absent. At…

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