Ecological economics
Regenerative Design Primer, published by UK Architects Declare in March 2024, states: ‘Ecological economics aims to align our economic system with planetary limits. It represents a broader and more holistic approach than environmental economics, which has tried to reconcile environmental concerns with market mechanisms by putting a price on nature (i.e. natural capital or the monetary value of ecosystem services). Many critics of environmental economics have argued that this assigns extrinsic value (i.e. the value of nature to us as humans) without recognising intrinsic value (the rights for other species to exist).’
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