World Bank Managing Director and Chief Operating Officer, Sri Mulyani Indrawati, writes in this blog that economic growth needs to be inclusive and sustainable, include access to energy, responsible resource management, and good governance.
From around the web
How a Natural Capital Fund Could Enhance the Environment
The debate about the natural environment has typically been a battle of irreconcilable positions: greens versus industry, says Oxford Economics Professor and author Dieter Helm in this blog. Helm says the natural environment is too often treated as a zero-sum game played out between the eco-warriors and the industrial lobbyists. He says this is both wrong and dangerous and that unless natural assets are treated as a core part of the economy the consequences will be dire.
On Valuing Nature's Water Infrastructure
Mark Smith, Director of IUCN's Water Programme, writes that natural infrastructure provides services that underpin the way we manage our river basins and therefore the way we grow food, generate electricity, and supply water to cities. At the same time it maintains important biophysical processes, and endows our environment with species and habitats. Critically, water drives our climate, and therefore climate change affects the hydrology we so heavily rely upon.
Future-Proofing Against Natural Capital Debt
A new kind of global debt crisis is brewing - due to decades of over-borrowing from our planet’s natural capital asset base. The future shock for business is the potential for profit to be wiped out, says Dorothy Maxwell, author of a new book on natural capital and business.
Human Wellbeing Depends on a Functioning Planet—the Pope’s Call
A blog by Paula Caballero on the papal encyclical as a sobering call to address climate change and a manifesto for environmental stewardship and action.
Blog by HRH The Prince of Wales: A Magna Carta for the Earth?
HRH The Prince of Whalers says, "The Magna Carta - the 800th anniversary of whose signing in England we celebrate this year - established some of the central principles of human rights and individual liberty that hold today…I cannot help wondering if the Sustainable Development Goals and the climate agreement in 2015 could form the basis for a similarly long-standing contract for the earth and humanity's relationship to it." He says in this blog that new economic tools and a broader economic
The Sunken Billions Revisited: Progress and Challenges in Global Marine Fisheries
In 2009 the World Bank, in collaboration with FAO, published The Sunken Billions: The Economic Justification for Fisheries Reform.
Increased Protection Would Provide Big Boost to the Ocean Economy
Expanding ocean protection could return an increase in jobs, resources and services that far outweigh the costs, according to an analysis of new research commissioned by WWF on marine protected areas. The analysis comes months before governments make critical decisions that will direct the fate of the ocean for generations to come.
Inter-American Development Bank (IDB) Launches Blog on Biodiversity and Ecosystem Services
This blog from the Biodiversity and Ecosystem Services Program (BIO) at the Inter-American Development Bank (IDB) is meant to provide a forum for people working on the cusp of mainstreaming natural capital in development.
Addressing the Economic Invisibility of Nature is Urgent, says IUCN Director General
Speaking at the Stockholm Natural Capital Solutions Summit, held May 19-20, IUCN Director General Inger Andersen highlighted the fact that despite nature providing some US$ 72 trillion a year of ‘free’ support to the global economy - and accounting for close to one-third of the wealth in low income countries - it continues to be invisible in our economic systems.