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I'm afraid Rachel Kyte is very much mistaken if she thinks that the companies behind the Natural Capital Declaration are interested in the intrinsic value of nature as opposed to turning 'natural capital' and ecosystem 'services' into priced, tradable commodities. We are already seeing a drive to put a price on water led by companies like Coca Cola and Nestle. Far from promoting ignorance, an approach based on innovative, non-market fiscal and regulatory measures would ensure that nature is truly valued for what it is. Conversely, reducing nature to a line on balance sheets will not capture the full environmental, social and economic value of ecosystem functions or biodiversity. We have given a more full response to this blog on our website at

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