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... the foreseeable future. Social capital does this by incorporating the complex social, institutional and political contexts in which economic transactions actually occurred (Szreter, 2000). But what is social capital? In what forms does it exist? Is social capital really measurable? Is there a consensus on relevant issues? What are the various positions? How do we create social capital? This report will try to answer all these questions and also state how does social capital interact and can be applied to the environmental management. WHAT IS SOCIAL CAPITAL AND WHAT FORMS DOES IT HAVE? Social capital refers to the values and beliefs that citizens share in their daily routine and which give meaning and provide design for all sorts of rules and the use of the world "capital" implies that we are dealing with an asset (Maskell, 2000). Eva Cox (1995) defines social capital as "the processes between people which establish networks, ...