Economists fail to account for natural capital – report

by WWF Bolivia
(Santa Cruz de la Sierra, Bolivia)

PHOTO: PATRICIO CROOKER

PHOTO: PATRICIO CROOKER

Many economists are failing to assess the value of their countries’ natural resources, putting billion’s of people’s well-being at risk and contributing to catastrophic species loss, according to a new United Nations Environment Programme report.

The Economics of Ecosystems and Biodiversity for National and International Policy Makers 2009 (TEEB), released today, states that governments must adopt better accounting systems that measure the true value of natural resources, and integrate them in government decision-making.

WWF welcomed the report, urging governments to heed the call to reform their economic policies to halt the destruction of natural resources.

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