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Natural resources worth more than US$40 trillion must be accounted for
Date:6/25/2014

into national statistics such as Gross Domestic Product (GDP) accounts to provide early warning signs of emerging risks and vulnerabilities in the face of changing climate and land use.

"A good starting point would be to improve corporate carbon accounts and rapidly expand to include impacts on water and other elements of natural capital," said Agarwala.

The paper argues that focusing on carbon alone could lead to unintended consequences.

"Some private sector companies such as the Kering group, which includes Puma and Gucci, have started to publish environmental profit and loss accounts. This is a big step forward, and I hope that more firms will examine their natural capital impacts and dependencies throughout their supply chains.

"Natural capital is the foundation of all human wellbeing, yet its degradation is largely unreported and important public and private sector decisions are routinely made without regard for its value. Government and industry must join efforts to disclose both their own dependence on, and also their impact on natural capital."


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Contact: Lisa Horton
l.horton@uea.ac.uk
44-016-035-92764
University of East Anglia
Source:Eurekalert

Page: 1 2

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