-Down to Earth World is moving towards natural capital as a measure of economic growth After using gross domestic product, or GDP, as the universal measurement of economy for six decades, the world has begun looking beyond this gold standard for measuring a country’s economy. On May 25, 10 African countries agreed to incorporate their natural capital, or value of their natural resources, into their national accounts to make better economic decisions. The...

If the environment ministry's draft proposal for 'inviolate forest areas' is accepted, large swathes of healthy forests, including national parks, wildlife sanctuaries, tiger reserves and wildlife corridors, would be out of bounds for all mining activities, and not just coal excavation. The ministry's draft lists criteria for identifying forest patches where mining should be banned following the GoM on coal's decision to junk the no-go policy of the environment ministry. The...

India’s decision-makers seem to find it difficult to see that there are children in the country. Being unable to see them, they are unable to perceive that they are hungry. In an age when we are able to use euphemisms like ‘under-nutrition’, this is perhaps not surprising. But it is disgraceful none the less.   This country has a large population of children. Fortyone per cent of its total numbers. The national...

Food price inflation, and inflation in general, has become less of an issue. But it isn’t an issue that will go away. Give it till June and inflation is likely to inch up again. Competition is a good antidote against price increases. It ensures efficiency and reduces price volatility. Logically, food price inflation should trigger and stimulate agricultural reform, so there is competition and supply-side changes can occur. But in...

The lesson for India after Durban is that it needs to formulate an approach that combines attention to industrialised countries’ historical responsibility for the problem with an embrace of its own responsibility to explore low carbon development trajectories. This is both ethically defensible and strategically wise. Ironically, India’s own domestic national approach of actively exploring “co-benefits” – policies that promote development while also yielding climate gains – suggests that it...