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2021-03-12 11:15:49

The United Nations' Department of Economic and Social Affairs announced that while working towards sustainable development, UN has adopted a news framework that includes the contribution of nature when measuring economic prosperity and human well-being. 

Adopting the System of Environmental-Economic Accounting Ecosystem Accounting (SEEA EA) ensures that natural capital is going to be recognised in economic reporting. Also, the implementation of the framework marks a tremendous step forward, one beyond the so far used statistic of gross domestic product (GDP). 

According to the UNEP Executive Director, “The new framework can be a game changer in decision-making. By highlighting the contribution of nature, we now have a tool that allows us to properly view and value nature. It can help us bring about a rapid and lasting shift toward sustainability for both people and the environment.” 

Read the full article here.