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When capital is scarce, nature infrastructure becomes more valuable
As water companies struggle for capital, nature infrastructure that defers or avoids capex becomes more valuable
 • Eoin Murray
The wrong boundary
By asking what nature is worth, we may have drawn the boundary around the problem in the wrong place
 • Eoin Murray
Standardise the wrapper, not the ecology
How varied ecological projects can become legible to institutional investors without pretending the ecology is interchangeable
 • Eoin Murray
No more excuses
Answering the standard objections to discount-rate, horizon and scarcity adjustments for nature
 • Eoin Murray
Two layers: extending the geometry of nature finance
Extending the geometry of nature finance: matching financial structures to the biophysical systems beneath them
 • Eoin Murray
The short window: how nature finance hides its biggest assumption in plain sight
The 15 to 20-year evaluation window is the unexamined assumption that deletes most of nature's value
 • Eoin Murray
Ain’t no mountain high enough, ain’t no discount rate low enough
Why conventional valuation struggles with long-lived ecological systems that cannot simply be replaced
 • Eoin Murray
Nature as portfolio insurance: why diversification is not enough
Diversification is not protection: nature assets as a way to preserve compounding through non-linear shocks.
 • Eoin Murray
Are we missing a trick? Fungal finance, and the real reason pricing nature has struggled
Valuation was not the mistake; valuing ecosystems by their visible, above-ground proxies was.
 • Eoin Murray
I know a mouse, and he hasn't got a house [kudos Pink Floyd]
Burns' To a Mouse, and why the foreboding over nature loss has moved upstream into finance.
 • Eoin Murray
Why nature-based investments are diverging … and why that should matter to you
Timber, farmland and nature-based solutions are often grouped together, but their return drivers are very different.
 • Eoin Murray
The Marine finance revolution
Applying Howard Marks' idea of value to marine ecosystems as appreciating, productive assets.
 • Eoin Murray
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