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Posted Sun Oct 31 2010: from Reuters, via Yahoo:
World Bank launches scheme to green government accounts
The World Bank on Thursday launched a program to help nations put a value on nature just like GDP in a bid to stop the destruction of forests, wetlands and reefs that underpin businesses and economies. The five-year pilot project backed by India, Mexico and other nations aims to embed nature into national accounts to draw in the full benefits of services such as coastal protection from mangroves or watersheds for rivers that feed cities and crops. "We're here today to create something that no one has tried before: a global partnership that can fundamentally change the way governments value their ecosystems," World Bank President Robert Zoellick told reporters in the Japanese city of Nagoya.... "For economic ministries in particular, it's important to have an accounting measure that they can use to evaluate not only the economic value but the natural wealth of nations," Zoellick told Reuters in an interview. "It's not a silver bullet. It's a way of trying to help people understand better in economic terms the value of natural wealth." While economists try to get a handle on the value of nature, scientists are struggling to get a full picture of the variety of wildlife species around the globe as climate change, exploitation and pollution threaten "mass extinctions," a series of studies published on Wednesday showed.
[Read more stories about: efficiency increase, rights of nature, sustainability, alternative energy, smart policy]
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'Doc Michael says:
OMG! The foundations of consumer society are being threatened, with the support of the World Bank!

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