Rio+20 side event: “Launch of the Inclusive Wealth Report 2012”
The International Human Dimensions Programme on Global Environmental Change, hosted by the United Nations University, announces the launch of its Inclusive Wealth Report 2012. The report presents an index that measures the wealth of nations by carrying out a comprehensive analysis of a country’s productive base and its capital assets, including manufactured, human and natural capital.
The Inclusive Wealth Index (IWI) was developed based on the notion that current indicators used to measure human societies’ success, such as gross domestic product (GDP) and the Human Development Index (HDI), fail to reflect the state of natural resources or ecological conditions; both focus exclusively on the short term, without indicating whether national policies are sustainable in the long term. The IWI aims to address these shortcomings by incorporating variables overlooked by other metrics.
The Inclusive Wealth Report 2012 presents a framework for policymakers and planning authorities to monitor the development of a country’s human well-being over time. It shows if a country is on a sustainable track and can provide guidance on the road towards a green economy.
The Inclusive Wealth Report 2012 is a joint initiative of IHDP and the United Nations Environment Programme (UNEP), in collaboration with the UN-Water Decade Programme on Capacity Development (UNW-DPC) and the Natural Capital Project. It will be officially launched at a side event hosted at the UNEP Pavilion.
The session will be opened by Achim Steiner, Under-Secretary-General of the United Nations and UNEP Executive Director, and Prof. Konrad Osterwalder, Under-Secretary-General of the United Nations and Rector of UNU. Prof. Sir Partha Dasgupta and Dr. Pablo Munoz will provide scientific background of inclusive wealth accounting and present the report′s key findings. The event will also feature a panel discussion on “Wealth accounting in practice — a science–policy perspective”.
The Inclusive Wealth Report 2012 will be published by Cambridge University Press and will be available from 21 June.