India’s plan to begin natural-capital and climate-risk accounting of its blue economy | Explained
India plans to begin natural-capital and climate-risk accounting for its blue economy. By assigning a monetary value to marine fish stocks within its exclusive economic zones (EEZs), the country aims to measure the wealth held in its oceans. The move brings environmental assets into national economic accounting alongside conventional output.
Nabka Insight
Natural-capital accounting of the blue economy links environment with GDP measurement.
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- India to start natural-capital and climate-risk accounting of the blue economy.
- Method: assign a monetary value to marine fish stocks in exclusive economic zones (EEZs).
- Aims to measure the wealth contained in the oceans.
Relevant forState PSC · UPSC