The global economy increased almost five-fold in the past 50 years. But that growth was at a massive cost to the environment Nature's resources too. Do not figure in countries calculations of wealth, the current system is weighted towards destruction. |
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The United Nations says is that we need to transform how we view and value nature and we must reflect Nature's True Value in all our policies, plans and economic systems.
Bees are increasingly on the threat from human activities and yet the nation is a fundamental process for the survival of the world's ecosystems. Nearly 90% of the world's wild flowering plant species depend fully or partially on animal pollination along with. More than 75% of the world's food crops and 35 of global agricultural land pollinators both contribute directly to food security and play a crucial role in conserving biodiversity.
The goal is to strengthen measures aimed at protecting bees which would significantly contribute to solving problems related to the global food supply and eliminates hunger in developing countries. Pollination by bees provides us with food products which we consume. Economists concerned with the states of the environment, suggest that it needs to be protected in the long term, in order for our economies to survive. But more importantly to secure the well-being of future Generations services that bees and indeed nature provide.  |
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Capital accounting is a process of measuring the economic value of Nature's essential ecosystem services on which all human life depends. Examples include the food we eat, the water we drink, plant materials for fuel medicines and building materials. It also includes less visible ecosystem services which has been referred to as intangibles. Such as natural flood defenses, air filtration from forests, carbon storage from peat bogs, pollination of crops by bees and habitats for wildlife.
A healthy forest helps us to purify water, managing the whole hydro logical cycle as well . All of us benefit from that services, although none of us may own the forest. And that is, I think one of the key points. Throughout the the last 80 years, we have come up to a system where we only measure something, if there is a market price.
Nature provides us services free. We don't pay for fresh air, water, soil or even the oil gas and other minerals below ground. What we pay for is the extraction, processing, production and distribution of food fill and materials to those who exploit those services on our behalf. We also pay for pollution and waste another inefficiencies that our own systems and services generate.  |
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If nature is left to its own devices, those ecological services are also renewable. Unless we use them up faster that nature can replace them. which is happening now. According to Global footprint Network humanity is currently using nature 1.7 times faster than ecosystems can regenerate.
When we do certain things from regional legitimate economic reasons. We may be having an effect on nature that is not as strongly positive as the economic effect of that activity. Then we realize that an optimal economic activity go forward actually because it's generating all these losses of benefits and costs that we will have to confront in the future at much greater cost than if we prevent the losses and damage from happening now.
We now will understand the scope of the damage we're doing and we can act in a considerable and rational way to reduce that damage.
We have always measured economic progress in terms of goods and services we produce and consume that is the gross domestic product or GDP. But we never did that for nature and yet nature provides services, that we value, that we need, that we cannot exist without. And we need to account for that value. We need a transformation in economic thinking. The economy needs a bailout after endemic. So do does nature because we are on the very brick of climate and biological biodiversity disasters.
We can no longer rely on GE alone. It has considered the contribution of nature to be free and essentially limitless throughout its history. This new framework will put nature on the map and as a result something damage our GDP. So hopefully soon we will begin to think the same way about nature. We will be able to measure and value the benefits and services we gain from nature. And we all know that, what we measure, evaluate, what we value, we manage.
The System of Environmental Economic Accounting Ecosystem Accounting would Mark a major step forward to incorporate in sustainable development and economic planning and policy decision making. And could have a significant impact in efforts to address critical environmental emergencies including climate change and biodiversity loss. We need to take a much more holistic approach, taking nature into consideration. Working against nature by over exploiting natural Capital can be catastrophic. Not just in terms of biodiversity loss but also catastrophic for humans. As ecosystem productivity and resilience declined over time and some regions become more prone to extreme events such as floods and droughts. Ultimately this makes it more difficult for human communities to sustain themselves. Particularly in already stressed ecosystems potentially leading to starvation, conflict over-resource scarcity and displacement of populations.
Nature is priceless however it is not valueless. We need to make a business case for the protection of the environment. The ecosystem service value of tropical forests is estimated at 6120 per hectare per year. While the cost of losing forests are the current pace amounts to 2.5 trillion dollars per year. If all ecosystem services were accounted for despite this clear macroeconomic case. The total yearly forest loss averages about 30 million hectares per year. This continued loss and degradation of forests represents a massive market and policy failure. We will be losing all of the ecosystem services that that forest would be providing.
We can see that as a result of this natural catastrophe we are less well off today than we were before. The catastrophe and the basis for our future prosperity has also been damaged. We will be able to assess that and that is most important when we're thinking not about the natural disasters that we may not be able to anticipate or prevent.  |
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The message is simple, recognize nature as an asset. Let's have a transformational change in the way we think, act and measure economic success to Nature by protecting and enhancing the prosperity of natural world while recognizing the role it plays in the world of economics.
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