Oireachtas Joint and Select Committees
Tuesday, 24 October 2023
Joint Oireachtas Committee on Climate Action
Citizens Assembly Report on Biodiversity Loss: Discussion (Resumed)
Dr. Emer N? Dh?ill:
On putting a monetary value on nature, as Dr. O'Hagan-Luff said, it is a term to which people can relate. If someone hears of the pollination of value and a figure is put on it, then it really drives home its importance. It is not for sale; it is a value of it. With the natural capital accounts, physical accounts on the extent and condition can be developed and there can also be monetary accounts. The INCASE project I mentioned earlier has recently finished working on four different catchments in Ireland. It did not provide a monetary value at the end. It gave physical accounts and options on how one could value it. It was a lack of data. The project was not going to throw out a figure so it provided accounts on the extent and condition. It is important to say nature is not for sale; we are just letting people understand the value of it.