The Inclusive Wealth Report (IWR) is a biennial effort led by the UN Environment to evaluate the capacities and performance of the nations around the world to measure sustainability of economy and wellbeing of their people.
WAVES has helpsed Indonesia implement a system that calculates the physical and monetary values of natural resources using an accounting system, or often referred to as Natural Capital Accounting, or NCA. Through NCA, natural resources can be mainstreamed into development policy and planning. This video captures the impact that accounting has had on policy-making in Indonesia.
GDP is a bad gauge of material well-being, time for a fresh approach that accounts for parks and intangible capital, as well as the depletion of capital and damage to the environment.