-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...

In just over a week, world leaders will gather in Brazil for the Rio +20 Summit to decide what kind of future we want. Twenty years after the original earth summit, the theme is the green economy in the context of sustainable development and poverty eradication.  Why is the conference important and why the aspirations for a 'green economy'? A green economy is one that results in improved human well-being and...

-The Hindu Commodification, commercialisation and financialisation of nature will produce a greedy, not green, economy Over 100 world leaders will meet in Rio de Janeiro this week for the U.N. Conference on Sustainable Development, popularly referred to as Rio+20 Global Earth Summit. It is being held amidst “‘a world running low on drinking water and productive land’ and set against the backdrop of accelerating global warming, climate change, chemical contamination of air, land...

There are major issues at stake in the Rio+20 Summit on Sustainable Development to be held on 20-22 June. Yet governments of developing countries have not given adequate importance to the run-up to the conference. As has happened in the climate change negotiations, the outcome draft now under negotiation shows a concerted move to rewrite the terms of global environmental governance. There is an attempt to push through the decidedly...

In August 2010, the U.N. Secretary General set up a “High-Level Panel on Global Sustainability,” to formulate a “new vision for sustainable growth and prosperity” for the world. Co-chaired by the Presidents of Finland and South Africa, the panel submitted its detailed report in January 2012. The report is under consideration in the Secretary General's office, and will be a key input to the upcoming U.N. Conference on Sustainable Development...