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Green Capitalism (Sullivan, 2009)

4 important questions on Green Capitalism (Sullivan, 2009)

Elobarate on Loss/crisis

In April 2009, the International Monetary Fund (IMF) estimated that banks, insurance instruments and pension funds have ‘lost’ some US $4.1 trillion from the global
According to the IMF, UK taxpayers have already lost over £1.2 trillion to Britain’s financial sector.

These crises might be connected in two keyways.

Economic exploitation and the profit motive, in driving production and transformed consumption of ‘natural resources’, is causing and contributing to ecological crisis.
The ecological crisis arising from these pressures is itself generating crisis in the global economy, through making manifest the material limits to economic production and consumption.

Payments for Ecosystem Services (PES).

The payment for ecosystem services concept helps address the destruction of Earth’s habitats, landscapes, and ecosystems by assigning a value to these services, and compensating the people, communities, and countries whose actions enhance or protect ecosystem services and the costs that work incurs.