8.2 Natural Capital Flashcards
what is renewable natural capital?
natural capital that can be generated and/or replaced as fast as it is being used.
what are the two parts that makeup renewable natural capital?
it includes living species and ecosystems that use solar energy and photosynthesis, as well as non-living items such as ground water and the ozone layer.
what is non-renewable natural capital?
natural capital that is either irreplaceable or can be replaced over geological timescales.
can you give an example of non-renewable natural capital that is replaced over geological timescales?
fossil fuels, soil and minerals.
what are the two ways renewable natural capital can be utilised?
sustainably or unsustainably.
when does renewable capital become unsustainable?
when it is used beyond its natural income.
impacts of what processes might make natural capital unsustainable?
the extraction, transport and processing of a renewable natural capital.
what are the two things natural capital provides?
goods and services that have value.
what is a good that natural capital provides?
a tangible product
what is a service that natural capital provides?
non tangible goods such as climate regulations
natural capital provides goods and services with value, what are the nine categories this value might be in?
aesthetic, cultural, economic, environmental, ethical, intrinsic, social, spiritual or technological.
what is a key word to describe the concept of a natural capital?
dynamic.
what makes the concept of a natural capital dynamic?
whether or not the item has the status of natural capital.
the market value of that capital.
what are some factors effecting the market value of capital?
region, time, culture, socioeconomic factors, environmental, technological and political factors.
what are the three examples of natural capital with a dynamic history?
cork, uranium, lithium.
the variation of natural capital can be divided into two groups what are they?
use of variation and non-use of variation.
what is meant by use of variation?
resources that have a price- marketable goods, ecological functions, recreational function.
what is meant by non-use of variation?
resources that have intrinsic value (the right to exist),
future uses (medicines and potential gene pool), existence value (amazon rain forest), present for future generations.
what term is natural capital often used interchangeably with?
resource
what is natural income intrchagable with?
the rate of replacement
what is natural capital?
the annual yields of goods and services.
can you give some examples of goods from natural capital?
wood, paper, food medicine
can you give some examples of services from natural capital?
aesthetics, recreation, oxygen production, climate regulation and soil stability.
