Category:World Bank

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http://dotearth.blogs.nytimes.com/2010/10/28/world-bank-pushes-to-include-ecology-in-accounting/


World Bank Pushes to Include Ecology in Accounting

By Andrew C. Revkin

October 28, 2010 8:32 am October 28, 2010 8:32 am

This is certainly a novel, and hopeful, development. At the 10th conference of parties to the Convention on Biological Diversity, in Nagoya, Japan, Robert B. Zoellick, the president of the World Bank, called for the planet’s biological patrimony, its “natural capital,” to be included on nations’ books when they do their accounting. Here’s a highlight:

The natural wealth of nations should be a capital asset valued in combination with its financial capital, manufactured capital and human capital…. National accounts need to reflect the vital carbon storage services that forests provide and the coastal protection values that come from coral reefs and mangroves.

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