A Greener Way to Calculate GDP
Flanked by homes and factories, the Nakivubo Swamp in the Ugandan capital, Kampala, would appear to be ripe for development. But the city has instead chosen to keep Nakivubo largely in its natural state because it filters sewage and industrial effluent that would otherwise flow directly into Lake Victoria. “Economic logic prevailed,” says Pavan Sukhdev, a former Deutsche Bank economist who in 2010 led a United Nations study called The Economics of Ecosystems and Biodiversity. A sewage treatment plant would have “cost $2 million per year to do what the swamp was doing for free, and they don’t have that money.”
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.