Natural Capital by Dieter Helm

Valuing the Planet

The book argues that the planet’s ecosystems and the services they provide are being systematically undervalued, leading to environmental degradation, and that modern economies must explicitly recognise and price ‘natural capital’ to avert collapse. It critiques current measures like GDP and perverse subsidies, explains how markets and institutions fail to account for ecosystem services, and sets out a practical policy framework—natural capital accounting, stronger regulation, reform of taxes and subsidies, carbon pricing, tradable pollution rights, and new governance bodies—to align incentives, restore habitats and sustain long-term prosperity.

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