Climate-related risks overshadow all other risks – in particular economic risks – undermining cohesive action and creating blind spots. Society needs a new “growth paradigm” that addresses the interconnectedness of socio-economic factors with climate change. Businesses need to adapt their metrics to assess the value of nature.
Which would you rather be: rich or wealthy? And what exactly is the difference?
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.