• Making nature investable: from legibility to leverageability in fabricating ‘nature’ as ‘natural capital’

    Author(s):
    Sian Sullivan (see profile)
    Date:
    2017
    Group(s):
    Environmental Humanities
    Subject(s):
    Environmental geography, Environmental humanities, Ethnography, History and philosophy of science and technology, Human geography
    Item Type:
    Article
    Tag(s):
    environmenal accounting, natural capital, performative economic sociology, philosophy of nature, science and technology studies
    Permanent URL:
    http://dx.doi.org/10.17613/M60Z49
    Abstract:
    In response to perceived valuation problems giving rise to global environmental crisis, ‘nature’ is being qualified, quantified and materialised as the new external(ised) ‘Nature-whole’ of ‘natural capital’. This paper problematises the increasing legibility, through numbering and (ac)counting practices, of natural capital as an apparently exterior ‘matter of fact’ that can be leveraged financially. Interconnected policy and technical texts, combined with observation as an academic participant in recent international environmental policy meetings, form the basis for a delineation of four connected and intensifying dimensions of articulation in fabricating ‘nature’ as ‘natural capital’: discursive, numerical-economic, material and institutional. Performative economic sociology approaches are drawn on to clarify the numbering and calculative practices making and performing indicators of nature health and harm as formally economic. These institutionalised fabrications are interpreted as attempts to enrol previously uncosted ‘standing natures’ in the forward-driving movement of capital.
    Metadata:
    Published as:
    Online publication    
    Status:
    Published
    Last Updated:
    2 years ago
    License:
    All Rights Reserved
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