-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...

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...

Revised draft water policy allows for subsidy to the poor and in non-commercial farming Public outcry against indiscriminate pricing of water and privatisation of water delivery services has forced the Centre to back off on both counts in its revised draft of the new national water policy, a copy of which is available with The Hindu . The revised draft, that incorporates suggestions from the public as well as state governments, allows...

-Express News Service Terming the existing institutional and legal structures of water management in the country as “inadequate”, Prime Minister Manmohan Singh on Tuesday advocated for “urgent” reforms and batted for an “overarching national legal framework” for the governance of the sector.   Inaugurating India Water Week, which will be celebrated in April every year from now, Singh said: “One of the problems in achieving better management is that the current institutional and...