So, with all these failures, Wall Street has decided to get involved to try to save Mother Earth by turning her into a commodity. A Natural Asset Company (NAC) is “designed with a fundamentally different purpose than traditional companies in that their primary business is to maximize ecological performance (i.e., the value of natural assets and the production of ecosystem services). Either through a private placement or an IPO, funding will be generated to protect, grow, and restore the natural assets and the ecosystem services they produce.” -definition by IEG8 Group).


(Intrinsic Exchange


SO WHY IS THIS GOOD SOUNDING INTENTION PROBLEMATIC?


Indigenous people hold 30% (owned and occupied) of global land and when considering customary title, this increases to 50%. This indigenous land holds 80% of the worlds remaining biodiversity – so where will all of the natural capital assets come from? According to indigenous economist Rebecca Anderson, Wall Street has been inventorying the remaining biodiversity: indigenous groups hold 50% of inland waters, 40% of terrestrial areas, 33% intact forest landscapes, 70% of the tropical forests. They have legal right and title to this land, and it is no coincidence at all that 80% of the remaining biodiversity remains on indigenous stewarded land. So, let’s look at two already existing points of failure in the West’s attempt at nature positive solutions:


IDENTIFY A NATURAL ASSET NATURAL ASSET’S VALUE


The western conservation institutions such as WWF have made grave errors in understanding life systems in their “Pristine Nature” agenda as exmplified by their 30X30 Forests, Food and Land Challenge. Pristine Nature is defined as “natural landscape free of human habitation”. This is a Western understanding of conservation which has no correlation with how living systems actually work and has resulted in displacement of between 10.8million and 170 million9


indigenous people. In


creating protected areas and national parks, indigenous people are evicted, and they lose their stewardship rights. By 2030, the global conservation institutions want to have 30% of the earth transitioned into wilderness in protective areas and designated park status. Nature free of people as an ‘ideal’ is a colonial paradigm of people as separate to nature and


NAC FORMATION


FORM NAC AS A NEW CORPORATION LICENCE RIGHTS TO ECOSYSTEM SERVICES


Failure of the carbon markets is a second example of our attempts at nature positive solutions, shadowing the development of NAC’s. In 2023, three independent research bodies found10


90% of Veera’s


carbon sequestration projects are fraudulent and are not capturing carbon and demonstrated no environmental benefit. Despite denial of these findings


CAPITAL MARKET PROCESS


CONVERTING NATURAL ASSET VALUE TO FINANCIAL CAPITAL


ignores indigenous peoples roles as stewards working in harmony and balance with nature. In Africa, there is a term “fortress conservation”, coined by conservation social scientists to describe the dispossession and militarization of the commons to supposedly protect biodiversity, and it has reached a pinnacle. It is no coincidence that WWF’s target is 30% and the land stewarded by indigenous keepers of our biodiversity is also 30%.


Natural Asset Company


Capital Raise


• Work with natural asset owners to identify sites with substantial ecosystem services or potential for ecosystem restoration


Source: Intrinsic Exchange 15 | ADMISI - The Ghost In The Machine | Q3 Edition 2024


• Identify management team and board of directors


• Formalize governance structure, including bylaws and policies


• Develop business plan


Financial Capital is Created


• Generate capital to fund conservation, restoration, and growth of the natural assets


• Share price signals value for nature • Share benefits with local communities


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