Green Growth Knowledge Platform asked thought leaders to share their insight on new approaches to wealth accounting and the challenges of moving beyond GDP.
From around the web
Last year, WAVES program stated that “African countries lead on natural capital accounting”. The recent flurry of activity on the continent appears to support this.
Government of Zambia says it is vital to account for natural resources in calculation of the Gross Domestic Product (GDP) and the wider national development.
Waves is working together with the Uganda government to support and build capacity in the measurement and valuation of natural assets and ecosystem services.
India must calculate ‘its green GDP’ to factor in the value of the environment in its growth.
On top of quantifying the impacts of climate risk on loan books, assets portfolios and insurances lines, banks will also need to assess ‘natural capital’ impacts of its own footprint and that of its customer base.
Soil scientists have set out a Europe-wide framework for developing a natural capital accounting structure for soil which considers the impact of land use change, climate change and pollution.
Natural capital is the world’s stocks of natural assets including soil, air, water and all living things, which combine to create an ecosystem that makes life possible.
The recently released Natural Capital Protocol promises to give business a new appreciation of the ecosystem services on which they rely.
The OECD has launched a Roundtable on Financing Water to promote investments in maintaining water security and achieving the water-related SDGs.