Many countries possess rich stocks of so-called natural capital such as ample sunlight and wind, forestland, mineral resources, and CO2 sequestration potential. For example, Australia and Saudi Arabia have extensive solar resources, Argentina and the United Kingdom have high wind power potential, and Chile and China have large reserves of minerals. Capitalizing on these assets could be supported by flows of capital through mechanisms such as voluntary carbon markets.
To read the article, see “How the net-zero transition would play out in countries and regions,” January 25, 2022.