Countries regularly track gross domestic product (GDP) as an indicator of their economic progress, but not wealth—the assets such as infrastructure, forests, minerals, and human capital that produce GDP. In contrast, corporations routinely report on both their income and assets to assess their economic health and prospects for the future. Wealth accounts allow countries to take stock of their assets to monitor the sustainability of development, an urgent concern today for all countries.
Did you know that mangroves could defend and feed a community? On Mangrove Day, learn about these unique ecosystems that help coastal communities enhance disaster resilience and improve livelihoods.
Twenty million people across Africa and the Middle East are currently facing famine from a prolonged drought. Some affected countries, including Somalia, South Sudan, and Yemen, have more in common than vulnerability to recurring natural disasters and a changing climate – they also struggle with fragile political systems ravaged by conflict.
The Pacific Possible: Climate change and Disaster Resilience report highlights the costs of making Pacific coastlines more resilient to climate change, which vary between one and thirteen percent of GDP across all Pacific Island countries, with higher costs in atoll island states such as Kiribati and Marshall Islands.
A new report from The World Bank Group, CLASP, and Carbon Trust, A Greener Path to Competitiveness offers recommendations and guidance on how companies and countries can stay competitive while implementing more climate-friendly technologies and strategies.