Resolving global environmental and economic problems requires a new kind of international cooperation among nations. Only if the Northern industrialized nations set their own houses in order can this cooperation be achieved.
As the 21st Century approaches, the world is being impoverished as its most fundamental capital stock--its species, habitats, and ecosystems--erodes. Not since the Cretaceous era ended some 65 million years ago have losses been so rapid and great.
Under current national income accounting practices, assets such as buildings and equipment are valued as productive assets and depreciated over time; natural resource assets are not. This asymmetry is the way national assets are treated sends misleading signals to policymakers.
Focusing on the role of energy in the global economy, this frequently quoted report notes that unstable and unstainable energy prices have brough about many problems -- high inflation rates, world recession, and mountind debt burdens.
The inaugural 1986 edition features a special chapter on multiple pollutants and forest decline and focuses attention on a number of important issues: the environment and human health; tropical deforestation; the atmosphere as a shared resources; soil degradation; the relationship of population a