Natural Capital Definition

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According to Carney (1998), assets are considered to be stocks of different types of capital that can be used as means of livelihoods. These livelihoods assets, sometimes referred to as capital, can contribute immensely to significant amount of output now for better livelihoods status, and also can be depleted as a consequence of lack of knowledge on usage or other human-induced activities. On the other hand, capital may be positive influence now and in the future for productive activities. Based on the five types of capital as identified by the sustainable livelihood framework created by Carney (1998): • Natural capital: This consists of land, water, and biological resources such as fish species and other aquatic resources. The SLA’s natural …show more content…

• Physical capital: This includes infrastructure, on a household level - fishers’ boats, house, and other forms physical personal belongings and also on a community level – schools, clinics, communication systems, roads, irrigation and sewage systems, electricity, housing, etc. • Financial capital: This consists of physical cash, insurances, or other savings in liquid form. However, financial capital does not include financial assets as in worth of property, worth of livestock, etc. Any income or worth assumed other than physical cash or in some other liquid forms (i.e. checks) may be considered as natural capital. Financial capital includes income levels, financial savings, access to credit, debt levels, etc. iii) The Integrated Conceptual Framework: Strategy and Application The framework adopted for the analysis of sustainable livelihoods approach for this study is a re-modification of the DFID’s SLA framework as shown in shown Figure 2 below. It is an integrated approach which …show more content…

In order to do this, household or community combines FIVE types of capital as mentioned above; physical, natural, financial, human and social. Fisher folks’ access to these Capitals will thus show how successful people are in developing sustainable livelihood strategies. There will also be question asked as to “How do you assess your access to each type of capital” which will be noted down on a Likert Scale. For instance, a) easy access, b) fair access, c) moderate access, d) little access, and e) no access. As part of this study’s aim; to develop and recommend more effective adaptive strategies for small scale fishers to cope with climate change impacts, the study will develop an Index of Access to Livelihood Capitals and then, a comparison will be made between the Access Index with the Success Index (how happy fishers folks are about the strategy adopted). This strategy may reveal whether the two indices are correlated (using inferential

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