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Countries Adopt Landmark Framework That Transforms Value Of Nature

Friday, 12 March 2021, 7:12 pm UN Member States agreed a new statistical framework on Wednesday that takes into account the contributions of nature, when measuring economic prosperity and human well-being. Adopted by nations gathered at the UN Statistical Commission – the Organization’s highest decision making body for international statistics standards – the new economic and environmental statistical framework is expected to “reshape” decisions and policies for sustainable development and climate action. “This is a historic step forward towards transforming how we view and value nature”, UN Secretary-General António Guterres said. “We will no longer be heedlessly allowing environmental destruction and degradation to be

Reflect nature s true value in economic policies and decisions, UN chief urges

The United Nations Nations must start weighing up the cost of economic profit against damage to the environment if they are to have a chance at a sustainable future, the UN Secretary-General António Guterres said on Tuesday. The UN chief highlighted that the global economy increased almost fivefold in the past fifty years, but that growth was at a massive cost to the environment. Up to now, humanity has treated nature as a free commodity. The price is climate change, pollution and mass extinction. It is high time to #MakeNatureCount , and to go beyond GDP as the only measure of economic success (video via @UNDESA). pic.twitter.com/v6e5oUdfO9

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