'Natural capitalism' is a set of trends and economic reforms to reward energy and material efficiency and remove professional standards and accounting conventions that prevent such efficiencies. It emerged in the
1990s as a coherent theory of how to exploit market systems and mechanisms of
neoclassical economics to save energy, discourage waste, mimic
ecology (
biomimicry), and in general to support the goals of
environmentalism by reframing commodity and product relations towards a strictly
service economy, thereby extending the services of
natural capital.
When capitalized, the term 'Natural Capitalism' usually refers to the specific set of reforms described in
1999 by
Paul Hawken,
Amory Lovins, and
Hunter Lovins in the book of the same name. There is a well-developed theory of
natural capital that predates this work and some generic use of the phrase to apply to
environmental economics. The book and additional material are available online at the book's promotion site: http://www.natcap.org/
A related, sometimes overlapping, movement believes that networks are inefficient ways to provide services and advocates
autonomous buildings.
External links
★
Natural Capitalism -
Mother Jones article on book of the same title by
Paul Hawken
★
NaturalCapitalism.org - Published by the
Rocky Mountain Institute
★
A Roadmap to Natural Capitalism - from
The Harvard Business Review
★
Natural Capitalism Inc. - Natural Capitalism Consultancy, founded by
Hunter Lovins.