BharatNotes Natural Capital
The world's stocks of natural assets — soil, air, water, minerals, biodiversity, and living organisms — from which humans derive ecosystem services and other economic benefits.
Context & Background
Concept from ecological economics; TEEB project (2010); World Bank's "Changing the Wealth of Nations" report uses natural capital accounting; India's green national accounts.
UPSC Exam Relevance
Natural capital depletion vs GDP growth paradox; India's WAVES (Wealth Accounting and Valuation of Ecosystem Services) project; green GDP; SDG 15 (Life on Land).
