International Decade for Action "Water for Life" 2005-2015rss RSS SubscribeEnglish Español

Inclusive Wealth Report 2012. Measuring progress toward sustainability

Inclusive Wealth Report 2012. Measuring progress toward sustainability
  • United Nations Environment Programme (UNEP), United Nations University-International Human Dimensions Programme (IHDP). June 2012
  • This report presents a framework that offers a long-term perspective on human well-being and sustainability, based on a comprehensive analysis of nation's productive base and their link to economic development. The Inclusive Wealth Report (IWR) 2012 was developed on the notion that current economic production indicators such as Gross Domestic Product (GDP) and the Human Development Index (HDI) are insufficient, as they fail to reflect the state of natural resources or ecological conditions, and focus exclusively on the short term, without indicating whether national policies are sustainable. The IWR 2012 features an index that measures the wealth of nations by looking into a country's capital assets, including manufactured, human and natural capital, and its corresponding values: the Inclusive Wealth Index (IWI). Chapter 10 of the report deals with the issue 'Accounting for water: stocks, flows, and values' and describes some of the issues that arise in devising meaningful water accounts: first regarding the difficult distinction between stocks of water and flows; second, in reporting on water use. A brief history of water accounting is presented, focusing finally on the UN System of Environmental-Economic Accounting for Water (SEEAW), and identifying the extent to which that framework helps understand the role of water in the national economy, and the limitations of physical water accounts - even when linked to economic accounts - as a basis for estimating water wealth.
  • Geographical coverage: Asia, Latin America and the Caribbean, Northern America, Oceania, Australia, Colombia, Ecuador, Thailand, United States of America
  • Main themes: Accounting, Economic instruments, Ecosystem services, Green economy, Sustainable development, Valuation, Water availability, Water demand, Water governance
  • Main target audience: Development agencies, Economists, Governments, Ministries, Policy makers, Researchers
  • Main purpose: Awareness raising, Guidance
  • Type of resource: Global report, Key messages
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Published in 2015