Government plans for a market in environmental “services” – part of the financialisation of everything

The 2011 National Environment White Paper is heavily business-oriented. It’s based on the 2011 National Ecosystem Assessment which puts a monetary value on all the “services” that we take from the natural environment.

For example, it identifies that parks and green spaces will enhance human wellbeing to the value of £290 per household per year in 2060.

The government spin is that putting a monetary value on the services we take from the environment will mean that businesses will have to take account of the costs of pollution and environmental damage that they cause, instead of ignoring them. But critics say that turning the natural environment into an accounting exercise is neoliberalism run mad. Continue reading