No net loss approaches to environmental policy claim that policy should maintain aggregate levels of natural capital. Substitutability between natural assets allows losses in some assets to be compensated for by gains in others while maintaining overall levels of natural capital. This paper argues that significant goods that matter to people’s well-being will be lost through a policy of no net loss. The concepts of natural capital and ecosystem services that underpin the no net loss approach to environmental policy cannot capture important dimensions of value that are central to human well-being.

中文翻译：

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没有净损失会损失什么

没有任何环境政策的净损失方法声称政策应该维持自然资本的总水平。自然资产之间的可替代性允许一些资产的损失由其他资产的收益来补偿，同时保持自然资本的总体水平。本文认为，对人民福祉至关重要的重要商品将因无净损失政策而损失。支持环境政策无净损失方法的自然资本和生态系统服务概念无法捕捉对人类福祉至关重要的重要价值维度。