World Economic Forum Proposal Suggests Pricing Air, Water and Soil in Global Balance Sheets
The proposal argues that natural resources are often treated as unlimited and free, while corporate decisions focus on financial statements without accounting for environmental depletion or damage.
Summary
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Terms & Concepts
Global balance sheet: A broad accounting framework that records assets and liabilities, in this context including natural resources and environmental costs.
Natural capital: The stock of natural resources such as air, water and soil that supports economic activity and ecosystems.