This chapter discusses the most recent trend developments in capturing natural resources in economic sciences. ‘Wealth of Nature’ features a forward-looking account of contemporary attempts to quantify the economic value of nature and environmental preservation. Historical insights feature the legacy of the U.S. inception of the Environmental Protection Agency (EPA) in the 1970s that started to estimate the economic impetus of every environmental policy. Europe has a long-standing tradition to consider environmental aspects in economic productivity calculus—for instance—if one considers projects like the wider ‘Green Wave’ endeavors that tact economic flows in harmony with environmental conditions. Under the Joseph Biden administration the U.S. started the Green New Deal (GND). The European pendant is the European Green Deal (EGD) that incorporates green policies in every aspect of the governance of economic growth. In particular, the Next Generation European Union Sustainable Finance Taxonomy is measuring the economic impact of all major productivity sectors of the economy. The New European Bauhaus integrates sustainable and inclusive living in every aspect of human lives. The U.S. President Joseph Biden administration has launched a large-scale plan to bring nature into economics and assess changes in environmental and ecosystem services in cost–benefit analyses. The U.S. initiative to create environmental-economic statistics targets at measuring natural resources as economic assets. Modern satellite imagery empowering the Geographic Information System (GIS) advancements and geo-engineering are additional scientific advancements to cartograph and change natural conditions for economic outcomes. While the Donald Trump administration is pushing for efficiency in governmental endeavors, the corporate and finance world is taking over environmental concerns. In the finance and governance worlds, Environmental, Social, and Governance (ESG) investment strategies have leveraged into a worldwide trend in most recent decades. In addition, the International Monetary Fund’s research unit investigates regional climate change economic impacts. Scientific advancements, like the Columbia University-housed Mapping Climate Justice project, calculates the expected economic changes due to climate change. On the global level, the World Bank’s Changing Wealth of Nations Report integrates natural resources and greenhouse gas emissions into international accounting. The Global Green New Deal (GGND) integrates many different sustainability aspects in industrial economic action and human living. The ambitious United Nations Sustainable Development Goals (SDGs) round up the overarching environmental economics endeavors on the global stage. In their entirety, all these initiatives and efforts echo an appreciation of environmental protection in harmony with economic activity. In a climate of geopolitical tensions, it is to note that future wealth of nations can be based on the conservation of natural resources. Climate flexibility and environmental stability are key comparative advantages that countries can ground their economic prosperity on. In the eye of global warming, the age of wealth in nature is born indicating growing need to consider natural environments for strategic partnerships and alliances.

Wealth of Nature: Accounting for the Environment

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发表日期：

2025年

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Julia Puaschunder

摘要

This chapter discusses the most recent trend developments in capturing natural resources in economic sciences. ‘Wealth of Nature’ features a forward-looking account of contemporary attempts to quantify the economic value of nature and environmental preservation. Historical insights feature the legacy of the U.S. inception of the Environmental Protection Agency (EPA) in the 1970s that started to estimate the economic impetus of every environmental policy. Europe has a long-standing tradition to consider environmental aspects in economic productivity calculus—for instance—if one considers projects like the wider ‘Green Wave’ endeavors that tact economic flows in harmony with environmental conditions. Under the Joseph Biden administration the U.S. started the Green New Deal (GND). The European pendant is the European Green Deal (EGD) that incorporates green policies in every aspect of the governance of economic growth. In particular, the Next Generation European Union Sustainable Finance Taxonomy is measuring the economic impact of all major productivity sectors of the economy. The New European Bauhaus integrates sustainable and inclusive living in every aspect of human lives. The U.S. President Joseph Biden administration has launched a large-scale plan to bring nature into economics and assess changes in environmental and ecosystem services in cost–benefit analyses. The U.S. initiative to create environmental-economic statistics targets at measuring natural resources as economic assets. Modern satellite imagery empowering the Geographic Information System (GIS) advancements and geo-engineering are additional scientific advancements to cartograph and change natural conditions for economic outcomes. While the Donald Trump administration is pushing for efficiency in governmental endeavors, the corporate and finance world is taking over environmental concerns. In the finance and governance worlds, Environmental, Social, and Governance (ESG) investment strategies have leveraged into a worldwide trend in most recent decades. In addition, the International Monetary Fund’s research unit investigates regional climate change economic impacts. Scientific advancements, like the Columbia University-housed Mapping Climate Justice project, calculates the expected economic changes due to climate change. On the global level, the World Bank’s Changing Wealth of Nations Report integrates natural resources and greenhouse gas emissions into international accounting. The Global Green New Deal (GGND) integrates many different sustainability aspects in industrial economic action and human living. The ambitious United Nations Sustainable Development Goals (SDGs) round up the overarching environmental economics endeavors on the global stage. In their entirety, all these initiatives and efforts echo an appreciation of environmental protection in harmony with economic activity. In a climate of geopolitical tensions, it is to note that future wealth of nations can be based on the conservation of natural resources. Climate flexibility and environmental stability are key comparative advantages that countries can ground their economic prosperity on. In the eye of global warming, the age of wealth in nature is born indicating growing need to consider natural environments for strategic partnerships and alliances.