The Dasgupta Review is about the fundamental importance of nature for our economy and livelihoods. Between 1992 and 2014, produced capital per capita increased globally, while natural capital decreased by almost 40%. This has led to an "impact inequality" where our demand for resources exceeds the regenerative capacity of nature.
The report calls for far-reaching changes in the way we do business. Nature must be seen as an integral part of our economy, not an external factor. Sustainable economic growth requires a new direction in which interactions with nature are sustainable and beneficial for all generations. This requires measuring our economic actions and achievements differently by recognising the value of nature and its services. This includes the introduction of natural capital into national accounting systems.
To enable these changes, financial and educational systems need to be reformed. It is necessary that financial flows are channelled into activities that strengthen natural capital and that people develop a better understanding and a stronger connection to nature through education. Institutional frameworks should be designed to promote sustainable engagement with ecosystems.
The report concludes by stating that transformative changes are possible and urgently needed to ensure a sustainable future for our descendants. By acting collectively and adapting our systems and institutions, we can embark on a sustainable path and restore the balance between our needs and the capacities of nature.
You can download the report here:
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