Dr Alessandra Alfieri, Chief of Environmental Economic Accounts at the United Nations Statistics Division, delivers her keynote speech at envecon2021.
In a move that may reshape decision and policy-making, the United Nations adopted a new framework, earlier in March 2021, that includes the contributions of nature when measuring economic prosperity and human well-being.
The System of Environmental-Economic Accounting—Ecosystem Accounting (SEEA EA) marks a major step forward that goes beyond the commonly used statistic of gross domestic product (GDP) that has dominated economic reporting since the end of World War II. This measure would ensure that natural capital—forests, wetlands and other ecosystems—are recognized in economic reporting.
Dr Alfieri takes us through the framework that many of our community has contributed directly or indirectly throughout the years and sets us markers for what's next.