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Tuesday July 5 2022

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    Mr Justice Linden: “If it contains excess fat, sugar or salt, that product is adverse to a child's health"

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    Farmer Andy Pimbley examining ripening strawberries inside a polytunnel at Claremont Farm in Bebington on the Wirral © Colin McPherson/FT

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    Mr Justice Linden: “If it contains excess fat, sugar or salt, that product is adverse to a child's health"

    Kellogg’s loses court case over sugary cereal

    Farmer Andy Pimbley examining ripening strawberries inside a polytunnel at Claremont Farm in Bebington on the Wirral © Colin McPherson/FT

    Labour shortfall leading to ‘catastrophic’ food waste

    The Longview Power Plant, a coal-fired plant, stands on August 21, 2018 in Maidsville, West Virginia. The plant’s single unit generates 700 net megawatts of electricity from run-of-mine coal and natural gas. Spencer Platt | Getty Images

    US Supreme Court limits EPA authority

    “If we lose territory we lose everything. It’s that simple.” Pic: Confederación de Nacionalidades Indígenas del Ecuador

    Ecuador’s Indigenous peoples: we are protecting our territories

    “Understanding the emergence of CC398 in European livestock is vitally important for managing the risk it poses to public health”

    Super bug that arose in pigs can jump to humans

    Martin Lines, UK chair for the Nature Friendly Farming Network, says farmers will continue moving away from fertilisers and pesticides

    Fertilisers: going cold turkey in a time of crisis

    European Commission Vice-President Frans Timmermans, European Commissioner for Health and Food Safety Stella Kyriakides, and European Commissioner for the Environment Virginijus Sinkevicius

    EU to halve use of pesticides, heal nature

    Executive director of Nourish Scotland, Pete Ritchie: “If the UK could just get over itself, alignment on sustainable food with the EU would be helpful”

    Scottish food bill: a dram to celebrate the end of the beginning

    trade deals

    WTO strikes global trade deals after ‘roller coaster’ talks

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    Mr Justice Linden: “If it contains excess fat, sugar or salt, that product is adverse to a child's health"

    Kellogg’s loses court case over sugary cereal

    Farmer Andy Pimbley examining ripening strawberries inside a polytunnel at Claremont Farm in Bebington on the Wirral © Colin McPherson/FT

    Labour shortfall leading to ‘catastrophic’ food waste

    The Longview Power Plant, a coal-fired plant, stands on August 21, 2018 in Maidsville, West Virginia. The plant’s single unit generates 700 net megawatts of electricity from run-of-mine coal and natural gas. Spencer Platt | Getty Images

    US Supreme Court limits EPA authority

    “Understanding the emergence of CC398 in European livestock is vitally important for managing the risk it poses to public health”

    Super bug that arose in pigs can jump to humans

    Martin Lines, UK chair for the Nature Friendly Farming Network, says farmers will continue moving away from fertilisers and pesticides

    Fertilisers: going cold turkey in a time of crisis

    European Commission Vice-President Frans Timmermans, European Commissioner for Health and Food Safety Stella Kyriakides, and European Commissioner for the Environment Virginijus Sinkevicius

    EU to halve use of pesticides, heal nature

    trade deals

    WTO strikes global trade deals after ‘roller coaster’ talks

    inflation

    Food inflation is swallowing Latin America’s dietary staples

    Protestors outside UK Parliament with a placard reading, "Keep the protocol, keep the peace."

    New EU legal action over post-Brexit deal changes

    Buyers at Risk Countries in Africa and Asia are among the most reliant on Ukraine grain

    US quietly urges Russia fertiliser deals

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    Mr Justice Linden: “If it contains excess fat, sugar or salt, that product is adverse to a child's health"

    Kellogg’s loses court case over sugary cereal

    Farmer Andy Pimbley examining ripening strawberries inside a polytunnel at Claremont Farm in Bebington on the Wirral © Colin McPherson/FT

    Labour shortfall leading to ‘catastrophic’ food waste

    The Longview Power Plant, a coal-fired plant, stands on August 21, 2018 in Maidsville, West Virginia. The plant’s single unit generates 700 net megawatts of electricity from run-of-mine coal and natural gas. Spencer Platt | Getty Images

    US Supreme Court limits EPA authority

    “If we lose territory we lose everything. It’s that simple.” Pic: Confederación de Nacionalidades Indígenas del Ecuador

    Ecuador’s Indigenous peoples: we are protecting our territories

    “Understanding the emergence of CC398 in European livestock is vitally important for managing the risk it poses to public health”

    Super bug that arose in pigs can jump to humans

    Martin Lines, UK chair for the Nature Friendly Farming Network, says farmers will continue moving away from fertilisers and pesticides

    Fertilisers: going cold turkey in a time of crisis

    European Commission Vice-President Frans Timmermans, European Commissioner for Health and Food Safety Stella Kyriakides, and European Commissioner for the Environment Virginijus Sinkevicius

    EU to halve use of pesticides, heal nature

    Executive director of Nourish Scotland, Pete Ritchie: “If the UK could just get over itself, alignment on sustainable food with the EU would be helpful”

    Scottish food bill: a dram to celebrate the end of the beginning

    trade deals

    WTO strikes global trade deals after ‘roller coaster’ talks

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Home Topics Economy

Dependence on nature reflected in new UN accounting framework

"We will no longer allow environmental destruction to be considered economic progress"

by May Davies
March 11, 2021
in Data, Policy
Reading Time: 2 mins read
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Dependence on nature reflected in new UN accounting framework

UN Secretary-General António Guterres. Pic: Kuhlmann / MSC

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The United Nations has adopted a radical new framework that includes the contributions of nature when measuring economic prosperity and human well-being.

The System of Environmental-Economic Accounting—Ecosystem Accounting (SEEA EA), adopted by the UN Statistical Commission, pushes economics past the focus on gross domestic product (GDP), which has dominated reporting since the end of World War II.

The UN says that while GDP does a good job of showing the value of goods and services exchanged in markets, it does not reflect the dependency of the economy on nature, or its impact on nature, such as the deterioration of water quality or the loss of a forest.

“This is a historic step forward in transforming how we view and value nature,” said UN Secretary-General António Guterres.

“We will no longer heedlessly allow environmental destruction and degradation to be considered economic progress.”

The new framework can underpin decision-making at two crucial conferences later this year, COP 15 on Biodiversity in Kunming and the Glasgow Climate Conference, COP 26.

According to a new UN report, Making Peace with Nature, the global economy has grown nearly fivefold over the last 50 years, largely by tripling the extraction of natural resources and energy.

“Governments still direct more than US$5 trillion in subsidies to fossil fuels, non-sustainable agriculture and fishing…”

Over the same time, the world population has increased by a factor of two, to 7.8 billion people. Average prosperity has doubled, but about 1.3 billion people still live in poverty and 700 million are hungry.

“This is a major step forward,” said Inger Andersen, UN Environmental Programme 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 bring about a rapid and lasting shift toward sustainability.”

Global warming is set to reach at least 3°C above pre-industrial levels by 2100, yet countries continue to make economic decisions without consideration to environmental impacts, says the UN. Governments are directing more than US$5 trillion in annual subsidies to fossil fuels, non-sustainable agriculture and fishing, non-renewable energy, mining, and transportation.

The new framework recognises that ecosystems deliver important services for people. In essence, they are assets to be maintained, similar to economic assets. For example, forests play a role in providing communities with clean water, serving as natural water filters with trees, plants and other characteristics, such as soil depth, that help absorb nutrient pollution like nitrogen and phosphorous before it can flow into streams, rivers and lakes.

More than 34 countries are compiling ecosystem accounts on an experimental basis. With the adoption of the new accounting recommendations, many more countries are expected to begin implementing the system.

The system is built on five core accounts, compiled using spatially explicit data and information about the ecosystem assets and the ecosystem services they produce.

It also supports thematic accounting which organises data around specific policy-relevant environmental themes, such as biodiversity, climate change, oceans and urban areas. Other important thematic accounts would include accounting for protected areas, wetlands and forests.

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Tags: United NationsNature capital
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May Davies

May Davies

May Davies is a founding contributor to Quota. She is a freelance writer specialising in food systems delivered by the business and policy sectors. Contact MayDavies@quota.media.

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