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A New Era of Economic Measurement for the Environment and Natural Capital

December 8, 2023 @ 10:30 am - 12:00 pm

Free

About the Event:

Who:

Eli Fenichel, Knoblock Family Professor of Natural Resource Economics, Yale

What:

In January 2023, the U.S. federal government finalized a national strategy to develop natural capital accounts and associated environmental-economic statistics.

Implementing natural capital accounts and environmental-economic statistics is, at once, incremental and the logical next step in the evolution of national economic statistics and a nonmarginal, momentous advance. Including natural capital and environmental-economic statistics in the national economic accounts is possible because of new technology, methods, and political will.

There is a recognition that this tool is needed to rise to global challenges. Natural capital accounts and environmental-economic statistics will open new doors for researchers, and will require engagement by the research community, because there is still substantial work to do.

Here, I provide a brief description of the U.S. national strategy to develop natural capital accounts and associated environmental economic statistics; the context for this national strategy; discuss some potential use cases; and identify potential areas where new research is likely needed.

When:

Friday, December 8 from 10:30 a.m. to noon (Central Standard Time)

Where:

Ruttan Hall 119 & Zoom

Link to Zoom

Details

Date:
December 8, 2023
Time:
10:30 am - 12:00 pm
Cost:
Free

Venue

Ruttan Hall 119
1994 Buford Avenue
Saint Paul, MN 55108 United States
View Venue Website