Earth Economics' current mission states, "We quantify and value the benefits nature provides. Our work drives effective decisions and systemic change through a combination of education, natural capital analysis, and policy recommendations." According to its website, Earth Economics offers "a pragmatic, collaborative approach to help organizations make sound investment and policy decisions that mitigate risk, add value, and build resilience by taking nature into account." The organization currently focuses on the global and regional priorities of working lands, freshwater, oceans, forests, and communities. Earth Economics offers five types of services:
Workshops & Trainings: Earth Economics offers hands-on workshops, trainings, and presentations that aim to raise awareness about ecological economics concepts and cost-effective solutions that build resilience, biodiversity, and equity.
Benefit-Cost Analysis: Earth Economics’ benefit-cost analysis framework expands traditional cost-benefit equations to include ecosystem services and other factors including health, recreation, and effects on culture and community.
Industry Analysis: Earth Economics works with businesses and economic development agencies to reduce risk, improve the efficiency of operations, reduce carbon footprint, and expand job opportunities.
Finance & Investment Strategies: Earth Economics works with organizations to develop innovative approaches and practical financing strategies to preserve, enhance, or restore natural capital assets, including conservation lands, green infrastructure, working forests and farms, and green buildings.
History
Originally known as the Asia-Pacific Environmental Exchange, the organization was founded as a project of The Tides Center. The initial co-founders were David Batker, Jim Puckett, Annie Leonard, Joshua Farley, Joshua Reyneveld, and Isabel De La Torre. Earth Economics evolved into an autonomous organization and received IRS 5013 tax exempt, public charity status in March 2006. From 2006 until 2016, co-founder David Batker acted as Earth Economics' Executive Director and Chief Economist. In 2016, Batker moved to a joint President and Chief Economist position. Batker's research and advocacy focuses on the value that natural systems have in providing food, water, flood risk reduction, climate stabilization, and other benefits. His work has been used to establish the value of watersheds and new funding mechanisms for maintaining natural capital. Earth Economics has a track record of working alongside NGOs, businesses, and governmental organizations to inform investment and shift local and international policy in ways that account for the benefits of ecosystem services. Since 2013, Earth Economics has been working to incorporate ecosystem services in federal benefit-cost analysis and accounting practices.
