Suchergebnisse

A problem in urgent need of attention in modern industrial societies is to discover ways to de-link aggregate output from recorded employment. If the loss were shared in a manner deemed fair by the general public, there would be nothing catastrophic for people in a country where the average income is 35,000 international dollars a year to suffer an income loss of even 25 per cent, let alone 5 per cent. Average income in the UK in 1990 was about 25 per cent less than in 2005. It's hard to maintain that UK citizens experienced significantly lower levels of personal wellbeing in 1990 than they did in 2005. Revival of research on competitive consumption (e.g., Veblen's 'conspicuous consumption') and reports on 'life satisfaction' suggest that a general rise in private consumption among a population enjoying a high standard of living adds little to happiness, or indeed to objectively measured indices of wellbeing.

Natural capital is related to government bonds through the macroeconomy and credit risks. This paper estimates this relationship from the long-term, between-country view and the short-term, within-country view. The paper cautions against the former, as it is dominated by income differences. These are de facto ingrained, as they cannot be overcome by short-term policy efforts. The within-country view is unaffected by the ingrained income bias and leaves room for recent natural capital changes to affect bond yields. The paper finds that non-renewables (fossil fuels and mineral assets) raise bond yields, possibly due to the resource curse. Renewables (forests and agricultural wealth) lower borrowing costs because they are economically worthwhile investments. Protected areas are more likely to be luxury investments.

"Natural capital is what nature provides to us for free. Renewables--like species--keep on coming, provided we do not drive them towards extinction. Non-renewables--like oil and gas--can only be used once. Together, they are the foundation that ensures our survival and well-being, and the basis of all economic activity. In the face of the global, local, and national destruction of biodiversity and ecosystems, economist Dieter Helm here offers a crucial set of strategies for establishing natural capital policy that is balanced, economically sustainable, and politically viable. Helm shows why the commonly held view that environmental protection poses obstacles to economic progress is false, and he explains why the environment must be at the very core of economic planning. He presents the first real attempt to calibrate, measure, and value natural capital from an economic perspective and goes on to outline a stable new framework for sustainable growth. Bristling with ideas of immediate global relevance, Helm's book shifts the parameters of current environmental debate. As inspiring as his trailblazing The Carbon Crunch, this volume will be essential reading for anyone concerned with reversing the headlong destruction of our environment"--Publisher's description.

Natural capital is what nature provides to us for free. Renewables-like species-keep on coming, provided we do not drive them towards extinction. Non-renewables-like oil and gas-can only be used once. Together, they are the foundation that ensures our survival and well-being, and the basis of all economic activity. In the face of the global, local, and national destruction of biodiversity and ecosystems, economist Dieter Helm here offers a crucial set of strategies for establishing natural capital policy that is balanced, economically sustainable, and politically viable. Helm shows why the commonly held view that environmental protection poses obstacles to economic progress is false, and he explains why the environment must be at the very core of economic planning. He presents the first real attempt to calibrate, measure, and value natural capital from an economic perspective and goes on to outline a stable new framework for sustainable growth. Bristling with ideas of immediate global relevance, Helm's book shifts the parameters of current environmental debate.0As inspiring as his trailblazing 'The Carbon Crunch', this volume will be essential reading for anyone concerned with reversing the headlong destruction of our environment

Indonesia is a diverse archipelago nation of more than 300 ethnic groups and has the largest economy in Southeast Asia as well as notable economic growth since overcoming the Asian financial crisis of the late 1990s. The World Bank led Wealth Accounting and the Valuation of Ecosystem Services Partnership (WAVES) worked with the Government from 2015 to 2019 to strengthen SISNERLING, focusing on land and ecosystem accounting.26 The results and lessons learned of this long-term engagement are reported in this document, and the full body of work produced by WAVES will be made available online and provide input for future analysis. The report has five sections, including this introductory section. Section two provides information on the environmental and economic development in Indonesia, in context of wealth and natural capital, and how NCA has been embraced by the Government of Indonesia. Section three focuses on results from the developed natural capital accounts, while section four reveals the impact of NCA in policy and planning and section five describes the way forward. The references and annexes follow on from these sections.

The removal of a single tree growing in an urban area or a patch of forest for development purposes is a practice that results from inappropriate economic approach to and unawareness of the value of natural capital and the services it provides. The paper analyses the benefits of the existence of urban trees and discusses valuation methods, emphasizing in particular the value of vegetation in the coastal area of the Republic of Croatia. Due to holistic focus of the topic, a qualitative research is applied based on observations, authors' previous research, experiences, reports on current research and legislation. Several instruments for the preservation and maintenance of vegetation are proposed ranging from the measures by local self-governments, upgrading the system of fees for forest general benefit functions to proper implementation of non-financial reporting which should apply to all companies whose operations may have an impact on natural capital, regardless of their size and ownership structure. National legislation should meet more than a minimum compliance with EU directives and international efforts in standardizing non-financial reporting. Many companies undertake activities that may and do exert pressure on vegetation cover or natural capital, as do also the entities of public interest such as local and regional self-government units and the companies established by them, which should also become liable to non-financial reporting.