Author Archives: Adam Bailey

A Valuation Case Study: the Great Barrier Reef

Posted on July 15, 2017 by Adam Bailey

A valuation of the Great Barrier Reef illustrates many common issues in the economics of environmental valuation. A recent report by Deloitte Access Economics (1) estimates the asset value of the Great Barrier Reef at A$56 billion (2).  This is … Continue reading →

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Energy and Environment in China

Posted on May 27, 2017 by Adam Bailey

Arthur Kroeber’s book on China’s economy includes an excellent section on energy but a rather selective account of its environmental issues. Arthur Kroeber’s book China’s Economy in Oxford University Press’s What Everyone Needs to Know series (1) deserves a wide … Continue reading →

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Net National Product and Sustainability

Posted on May 17, 2017 by Adam Bailey

National product, calculated net of a deduction for depletion of natural resources, could in theory provide some indication of whether current consumption is permanently sustainable.  But the conditions that would be needed to make net national product into a practical … Continue reading →

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Managing Natural Capital

Posted on January 19, 2017 by Adam Bailey

A critical analysis of Dieter Helm’s ‘Natural Capital: Valuing the Planet’. Contents Introduction The Asset-Based Approach The Importance of Natural Capital Valuing Natural Capital Natural Goods – and Bads Sustainability and Renewable Natural Capital Sustainability and Non-Renewable Natural Capital National … Continue reading →

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