Publication: Nature's Frontiers: Achieving Sustainability, Efficiency, and Prosperity with Natural Capital
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Date
2023-06-27
ISSN
Published
2023-06-27
Abstract
The great expansion of economic activity since the end of World War II has caused an unprecedented rise in living standards, but it has also caused rapid changes in earth systems. Nearly all types of natural capital—the world’s stock of resources and services provided by nature—are in decline. Clean air, abundant and clean water, fertile soils, productive fisheries, dense forests, and healthy oceans are critical for healthy lives and healthy economies. Mounting pressures, however, suggest that the trend of declining natural capital may cast a long shadow into the future.
"Nature’s Frontiers: Achieving Sustainability, Efficiency, and Prosperity with Natural Capital" presents a novel approach to address these foundational challenges of sustainability. A methodology combining innovative science, new data sources, and cutting-edge biophysical and economic models builds sustainable resource efficiency frontiers to assess how countries can sustainably use their natural capital more efficiently. The analysis provides recommendations on how countries can better use their natural capital to achieve their economic and environ mental goals.
The report indicates that significant efficiency gaps exist in nearly every country. Closing these gaps can address many of the world’s pressing economic and environmental problems—economic productivity, health, food and water security, and climate change. Although the approach outlined in this report will entail demanding policy reforms, the costs of inaction will be far higher.
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Citation
“Damania, Richard; Polasky, Stephen; Ruckelshaus, Mary; Russ, Jason; Amann, Markus; Chaplin-Kramer, Rebecca; Gerber, James; Hawthorne, Peter; Heger, Martin Philipp; Mamun, Saleh; Ruta, Giovanni; Schmitt, Rafael; Smith, Jeffrey; Vogl, Adrian; Wagner, Fabian; Zaveri, Esha. 2023. Nature's Frontiers: Achieving Sustainability, Efficiency, and Prosperity with Natural Capital. Environment and Sustainable Development series. © Washington, DC: World Bank. http://hdl.handle.net/10986/39453 License: CC BY 3.0 IGO.”