Pricing the Priceless : : the Financial Transformation to Value the Planet, Solve the Climate Crisis, and Protect our Most Precious Assets

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Call Number: 333.7 Di, Adult Book / Nonfiction / Business & Economics / General / DiPerna, Paula
On Shelf At: Downtown Library

Location & Checkout Length	Call Number	Checkout Length	Item Status
Downtown 2nd Floor 4-week checkout	333.7 Di	4-week checkout	On Shelf
Westgate Adult Books 4-week checkout	Adult Book / Nonfiction / Business & Economics / General / DiPerna, Paula	4-week checkout	Due 05-06-2024

Michelangelo's finger: the pope and the atmosphere -- Marooned: the island of wrong things measured -- One of a kind: the gamble of rarity and price -- Art in a box: pricelessness saves Detroit -- Mangroves and money: all of nature is an economic machine -- The cosmic penthouse: carbon pricing, carbon markets -- Dare to surmount: China joins the marathon -- Wall street to the rescue?: Nauru may answer -- Never another drop: the flow of water markets -- Wildlife and wonderment: the rhino bond -- Premiums to the coral: coral reef insurance -- Forests as infrastructure: the forest resilience bond -- Off limits: the value of do not touch -- Infinite value: return to Rome.
"Pricing the Priceless captures financial recognition for what is otherwise never calculated in financial terms. Water meters only measure the cost of the water we use, not the value of having clean water in the first place, reflecting what goes out but not what goes in. But keeping water clean is a vital public service, surely an indicator of good governance and management. In turn, if capital markets reward coherent risk management and resource stewardship in higher credit ratings for public entities, then those entities can issue bonds or borrow long term against that value. In this sequence, pricing the priceless translates the natural capital of clean water into bankable collateral, as compared to short-term raw material, and extends measurable value today to immeasurable value tomorrow. Also, if the value of clean water or other natural assets then enters the financial ledgers of a public budget as key assets, then, by extension, sufficient public funds can be allocated to their protection. Once assets have a notable value, protecting them becomes logical and better understood by taxpayers, who might otherwise consider environmental protection as a dispensable frill, compared to paving roads. In this shift, overall public good becomes an asset, not a cost. Overall, the stakes of valuing nature are vast and high. According to some estimates, that unbooked value in conventional global economic ledgers could be as high as $125 trillion per year--in other words, unpriced priceless assets leading to astronomical value squandered because we are blind to it"-- Provided by publisher.

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