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Blog Posts: economics

  • Making Economic Valuation Count for Coastal Ecosystems in the Caribbean

    Governments, businesses, development agencies, and NGOs are increasingly turning to economic valuation as a way to protect coral reefs and mangroves. This process makes the economic case for protection and sustainable use of natural resources by showing the monetary, employment, and infrastructure benefits ecosystems provide—metrics that are easily understood by decision-makers.

    But not all economic valuations are created equal. WRI's new guidebook shows how NGOs and other stakeholders can conduct economic valuations in ways that lead to real change on the ground.

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  • The New Climate Economics

    This post was written by Lord Nicholas Stern, president of the British Academy, and Felipe Calderón, former president of Mexico and a WRI Board member. It originally appeared on Project Syndicate.

    This Friday, in its latest comprehensive assessment of the evidence on global warming, the United Nations Intergovernmental Panel on Climate Change will show that the world’s climate scientists are more certain than ever that human activity – largely combustion of fossil fuels – is causing temperatures and sea levels to rise.

    In recent years, a series of extreme weather events – including Hurricane Sandy in New York and New Jersey, floods in China, and droughts in the American Midwest, Russia, and many developing countries – have caused immense damage. Last week, Mexico experienced simultaneous hurricanes in the Pacific and in the Gulf of Mexico that devastated towns and cities in their path. Climate change will be a major driver of such events, and we risk much worse.

    This puts a new debate center stage: how to reconcile increased action to reduce greenhouse gas emissions with strong economic growth.

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  • Q&A: What is a "Green Economy?"

    The global recession has brought new attention to chronic structural flaws in current economic models and assumptions. As economies struggle to recover, many are taking a closer look at the broad concept of a "Green Economy," one that simultaneously promotes sustainability and economic growth What would this type of economy look like, and how could we get there? WRI Managing Director Manish Bapna responds to some of the most commonly-asked questions:

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  • Q&A: World Bank Plan to Value Ecosystems

    Last week at the UN Convention on Biodiversity, the World Bank launched a new program that aims to put a value on a country’s ecosystems in the same way a country measures its national income and product accounts, or GNP and GDP.

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  • "Green Stimulus" at the G20

    Global economic recovery plans are green---but not yet green enough.

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  • Will Climate Policy Take A Back Seat During the Economic Slowdown?

    The financial crisis is currently at the front and center of the national debate, but if we limit our focus to near-term fixes on the economy, we will just defer requisite action on climate.

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  • A New Climate for the Forest Products Industry

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    p>The forest products sector holds an enormous stake in the coming economy defined by resource constraints, climate change policies, and shifting consumer values.

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