Scotland's Natural Economy - Policy Spotlight

Research output: Book/Report/Policy BriefPolicy Brief

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Abstract

Scotland has a significant stock of natural capital which is defined by NatureScot as “the habitats and ecosystems that provide social, environmental and economic benefits to humans”.
Six economic sectors are widely regarded to make up the natural economy: tourism, food and drink, fishing and aquaculture, agriculture, energy (including renewables) and forestry, logging and manufacture of wood. In 2018, the natural economy contributed £29.1 billion Gross Value Added to the Scottish economy and employed 290,000 people.
The natural economy can be considered as consisting of three elements: (i) resources that can be extracted (e.g. through agriculture); (ii) landscapes that can store environmental resources or ecosystem services (e.g. carbon storage); and (iii) activities that benefit from natural resources (e.g. tourism) in order to increase their value.
Original languageEnglish
PublisherSRUC's Rural Policy Centre
Number of pages10
Publication statusPrint publication - Jul 2021

Publication series

NamePolicy Spotlight
No.1

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