Arctic Freshwater Natural Capital in the Nordic Countries

Current indicators of economic growth (e.g., GDP) do not adequately consider sustainability, while environmental indicators alone fail to acknowledge the economic needs of a society. Natural Capital Accounting (NCA) can be the tool that fills the gap separating current economic and environmental ind...

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Bibliographic Details
Main Authors: Oinonen, Soile, Pohjola, Johanna, Salminen, Jani, Lehtoranta, Virpi, Mattsson, Tuija, Väisänen, Sari, Dodd, Luke, Stefansdottir, Gerdur, Aronsen, Eivind, Carson, Marcus, Nõmmann, Tea, Nainggolan, Doan
Format: Book
Language:English
Published: Copenhagen 2019
Subjects:
Environmental Management
Miljöledning
Arctic
Online Access:http://urn.kb.se/resolve?urn=urn:nbn:se:norden:org:diva-5446
https://doi.org/10.6027/TN2019-505
Description
Summary:Current indicators of economic growth (e.g., GDP) do not adequately consider sustainability, while environmental indicators alone fail to acknowledge the economic needs of a society. Natural Capital Accounting (NCA) can be the tool that fills the gap separating current economic and environmental indicators. Development of NCA has progressed considerably and is being widely deployed in the Nordic countries, but development and deployment remain uneven. This report provides background on NCA and its associated accounting frameworks, demonstrates the applicability of NCA for sustainably utilizing freshwater resources in the Nordic Arctic and provides recommendations for maximizing the value of environmental accounting as an economic, environmental, and sustainable development tool.

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