@article{Stuchtey2025, 
author = {Martin Stuchtey and Benedict Witte},
title = {Nature’s Minsky Moment, NatureFinTech and the world’s next asset class},
year = {2025},
journal = {Technology Review for Carbon Neutrality},
volume = {1},
pages = {9550018},
keywords = {Natural capital accounting, Nature Equity, NatureFinTech, nature finance, ecosystem asset valuation, nature markets},
url = {https://www.sciopen.com/article/10.26599/TRCN.2025.9550018},
doi = {10.26599/TRCN.2025.9550018},
abstract = {Systematic under-valuation of natural capital is creating growing macro-financial risks and raises the prospect of a “Nature’s Minsky Moment,” in which ecosystem degradation triggers abrupt asset repricing, a dynamic now increasingly recognised by central banks and supervisors as relevant to financial stability and capital adequacy. This article reviews existing nature-finance instruments and shows why carbon-centric and project-based approaches remain insufficient to close the global nature funding gap. It advances a framework that treats nature as critical infrastructure and examines how recent advances in NatureFinTech enable continuous, high-resolution measurement of ecosystem condition. Building on these capabilities, the paper introduces Nature Equity as an outcome-based asset class linked to verified ecosystem integrity. While early applications demonstrate promise, challenges remain in regulation, valuation, and market maturity.}
}