The Wealth of Nations

GDP and Wealth are complementary indicators that provide a fuller picture of economic well-being. A country’s comprehensive wealth includes all produced capital such as factories and roads; natural capital like forests and water; human capital, which leads to earnings; and net foreign assets. Only by having a clear understanding of our world’s wealth—including all forms of capital—can we plan for a more sustainable future. The World Bank is working with countries to go beyond GDP and build a more accurate picture of their wealth. This helps governments to plan for more sustainable economic growth.

La contabilidad de recursos natural y los indicadores para los Objetivos de Desarrollo Sostenible (ODS)

Este video cuenta una presentación de Irene Alvarado Quesada, Área de Estadísticas Ambientales, Banco Central de Costa Rica, sobre el tema de la contabilidad de recursos natural y los indicadores para los Objetivos de Desarrollo Sostenible (ODS). Fue producido por la unidad de comunicaciones del Ministerio de Planificación Nacional y Política Económica de Costa Rica (MIDEPLAN).

Philippines National Conference on Natural Capital Accounting

This video features highlights from the Philippines National Conference on Natural Capital Accounting, held in Manila on 30-31 March 2017, hosted by by the National Economic Development Authority (NEDA).

African countries lead on natural capital accounting

Through the Gaborone Declaration for Sustainability in Africa, countries are using natural capital accounting to measure and value their resources for better policy decisions.

This video describes how WAVES is working with Guatemala to construct natural capital accounts to get a more accurate representation of the country’s natural resources and how they interact with the economy. In Spanish with English subtitles.

This video describes how WAVES is working with Colombia to construct natural capital accounts to get a more accurate representation of the country’s natural resources and how they interact with the economy. In Spanish with English subtitles.

This video describes how WAVES is working with Costa Rica to construct natural capital accounts to get a more accurate representation of the country’s natural resources and how they interact with the economy. In Spanish with English subtitles.

The Wealth Accounting and the Valuation of Ecosystem Services (WAVES) is a global partnership program that accounts for the natural capital and services ecosystems provide. Accounting for our natural resources and the benefits they provide us is the first step in sustainably managing these resources for future generations. Watch the video.

This video prepared by the Natural Capital Declaration outlines the importance of natural capital to the business and finance sectors and features several global experts on the issue: Marco Lambertini (WWF), Joshua Bishop (WWF, formerly IUCN), Ivo Mulder (UNEP), Andrew Mitchell (Global Canopy Programme), Giorgio Capurri (UniCredit), Namita Vikas (Yes Bank), and Ekaterina Grigoryeva (World Bank Group).

In this Radiolab interview that was heard on National Public Radio in the United States, WAVES Chief Technical Advisor (and former Program Manager) Glenn-Marie Lange is one of the guests discussing understanding nature in terms of dollars and cents and the value provided by ecosystems. But some people argue it actually devalues something that should be seen as priceless.

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