Define the term natural capital.
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Syllabus Edition
First teaching 2015
Last exams 2025
Define the term natural capital.
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Briefly outline the concept of sustainability in the context of renewable natural capital.
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Urban green spaces refer to areas within cities or urban environments that are designated or preserved for natural components, such as parks, gardens, greenbelts, and urban forests.
Outline one way that urban green spaces can be considered to be natural capital.
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Briefly outline one example of non-renewable natural capital.
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Briefly outline two examples of how renewable natural capital has been mismanaged.
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Briefly explain the concept of sustainable and unsustainable use of renewable natural capital.
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The Sun's energy drives the hydrological cycle and this energy can be harnessed by obstructing river flow using dams. The regulated release of water through dams transfers energy, enabling hydroelectric power generation.
Apart from generating hydroelectricity, identify two other forms of natural income that could result from the construction of dams on rivers.
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Briefly evaluate whether it is justified to place an economic value on natural systems.
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Distinguish between the terms renewable and sustainable.
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Explain the dynamic nature of the concept of natural capital, using examples to demonstrate this.
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To what extent are the concepts of net productivity, natural capital and natural income useful models in managing the sustainable exploitation of natural resources?
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