From COVID-19 to Green Recovery with natural capital accounting.


Change log
Abstract

The COVID-19 pandemic and related social and economic emergencies induced massive public spending and increased global debt. Economic recovery is now an opportunity to rebuild natural capital alongside financial, physical, social and human capital, for long-term societal benefit. Yet, current decision-making is dominated by economic imperatives and information systems that do not consider society's dependence on natural capital and the ecosystem services it provides. New international standards for natural capital accounting (NCA) are now available to integrate environmental information into government decision-making. By revealing the effects of policies that influence natural capital, NCA supports identification, implementation and monitoring of Green Recovery pathways, including where environment and economy are most positively interlinked.

Publication Date
2023-01
Online Publication Date
2022-07-27
Acceptance Date
2022-06-08
Keywords
COVID-19, Green recovery, Natural capital accounting, Sustainable development, System of Environmental-Economic Accounting (SEEA), Humans, Ecosystem, Conservation of Natural Resources, COVID-19, Pandemics
Journal Title
Ambio
Journal ISSN
0044-7447
1654-7209
Volume Title
Publisher
Springer Science and Business Media LLC