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What is the price of a wetland? A forest? A river? How can you even go about assessing the value of natural habitats? How do you factor in the watershed’s ability to mitigate flooding? What’s the price of all that carbon a forest sucks up?
Governments in Canada are starting to grapple with these questions, especially in face of climate change and increasing extreme weather events. Environment reporter Kathryn Blaze Baum explores the nascent world of eco-assets, or natural assets, and looks at the complex issues around how values are ascribed to natural landscapes and why some people are worried about the consequences of this shift in thinking.