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The Brundtland Commission report, Our Common Future, defined sustainable development as development that meets the needs of the present without compromising the ability of future generations to meet their own needs. Although the idea of sustainable development has been widely accepted, it has proved difficult to identify and implement policies and practices that promote sustainable economic growth. Some economists, environmental scientists and policy analysts believe that they can transform the consensus about sustainability into manageable practices. They propose to accomplish this feat with a set of new ideas about the relationships between the economy and the environment offered under the banner of 'natural capital'. An ideal account of natural capital would be one or more standard measures or models that would allow the direct comparison of environmental goods, like forests, fresh water and clean air, with economic goods, like money, capital and productivity. By bringing economic science and environmental science to an objective common ground, a natural capital model has the potential to provide a concrete means of comparing the economic and ecological costs and benefits of particular policies and programmes. This paper offers a survey and analysis of several new contributions to the formation of the natural capital concept from economists, ecologists, policy analysts, biometricians, foresters and a philosopher. The paper concludes that existing microeconomic theory may be 'ungreenable', if it is not reformulated. While macroeconomic approaches to natural capital have beenmore successful, they share the limitation that ecosystems and species are valued solely in monetary terms. These problems are taken to suggest that the development of a successful natural capital model may require economic theory to be recast to include non-monetary social preferences and values.

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Prince Edward Island (PEI), Canada has been experiencing the consequences of a rising sea level and intense storms on its coasts in recent years. The most recent severe event, Post Tropical Storm Dorian (Dorian), began impacting Prince Edward Island on 7 September 2019 and lasted for over 20 h until the morning of 8 September 2019. The measurement of highwater marks (HWM) from the storm was conducted between 25 September and 25 October 2019 using a high precision, survey grade methodology. The HWM measured included vegetation lines, wrack lines, beach, cliff, and dune morphological features, and tide gauge data at 53 locations in the Province along coastal areas that are exposed to high tides, storm surge, high winds, and wave runup. Photos were taken to provide evidence on the nature of the HWM data locations. The data reveal that Dorian caused extensive coastal floods in many areas along the North and South Coast of Prince, Queens and Western Kings Counties of Prince Edward Island. The floods reached elevations in excess of 3.4 m at some locations, posing threats to local infrastructure and causing damage to natural features such as sand dunes in these areas. The HWM data can provide useful information for community and emergency response organizations as plans are developed to cope with the rising sea level and increased frequency of highwater events as predicted by researchers. As Dorian has caused significant damage in several coastal areas in PEI, better planning using an enhanced storm forecasting and coastal flood warning system, in conjunction with flood stage values, could possibly have reduced the impacts of the storm in the impacted areas. This could help enhance public understanding of the potential impacts in local areas and how they can prepare and adapt for these events in the future.