Inclusive Wealth of Pakistan: The Case for Investing in Natural Capital and Restoration
This report provides state of art analysis of the productive base of the economy since 1990. It estimates all capital stocks at the regional level for Pakistan, and as such, provides a holistic measure of sustainability. The analysis in The Inclusive Wealth of Pakistan: The Case for Investing in Natural Capital and Restoration has provided Pakistan with a holistic, wealth-based framework for measuring economic progress. It highlights successes in human and natural capital investment, including the TBTTP, which are key to measuring the sustainable development of Pakistan’s society and economy. Three key messages arise from the report’s analysis: 1. When making policy decisions that promote sustainability, it is crucial to understand the trade-offs, which that occur both temporally and across types of asset bases (i.e. capital stocks). 2. When weighing decisions on investment and navigating trade-offs, social prices of assets, including natural capital, must be understood in addition to market prices. 3. Inclusive Wealth of Pakistan is a great leap forward towards measuring the contribution of natural resources and systems like expanded forest area, and the health and well-being of human societies. With the combination of the systematic measurement of natural assets, natural capital accounts and the continued focus on restoration as a priority within economic policy, Pakistan is well-placed to be a pioneer in both restoration initiatives and the incorporation of natural capital in the country’s wealth management. Both are cornerstones of the Sustainable Development Goals (SDGs).
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| Format: | Reports, Books and Booklets biblioteca |
| Language: | English |
| Published: |
2021
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| Subjects: | NATURAL RESOURCES, SUSTAINABLE CONSUMPTION, CAPITAL ASSETS, ECONOMIC GROWTH, PAKISTAN, WEALTH, NON-RENEWABLE RESOURCES, RENEWABLE RESOURCES, LAND, NATIONAL ACCOUNTS, REGIONAL ACCOUNTS, ECONOMIC DEVELOPMENT, |
| Online Access: | https://wedocs.unep.org/20.500.11822/36257 |
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