Depletion of natural capital is an irreversible process and steps to assess and combat this are needed urgently.
“The abuse of natural capital will be disastrous and catastrophic,” said Dr. S. Janakarajan.
India must calculate ‘its green GDP’ to factor in the value of the environment in its growth.
Green Accounting is a much desired framework which asks for the incorporation of the missing tenets relating to the ecosystem so as to achieve a more comprehensive development indicator.
Tata group appreciates the inherent benefits that exist in measuring, assessing and valuing natural and social capital for managing business risks and opportunities.
Sector-wide tools like natural capital accounting are essential to enacting policies for eco-friendly, climate-smart agriculture.
India has taken the first step to account for environmental damage while calculating its national income or gross domestic product.
Shri Narendra Modi said there is a need to consider tigers as India's “natural capital” and to define conservation as a means to achieve development, rather than considering it to be anti-growth.