Finance
Prince Charles Backs Dasgupta Call to Put a Price on Nature
- Partha Dasgupta says governments need alternative to GDP
- Review comes ahead of biodiversity summit to be held in China
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The Prince of Wales backed a U.K. government review that calls for an urgent overhaul of economic metrics so that they take account of the price of damaging natural ecosystems.
The review was authored by Partha Dasgupta, an economist who specializes in environmental research. In 600 pages, the University of Cambridge professor argues that decades of unprecedented economic growth came at the expense of the planet’s rich diversity, a trade-off that’s unsustainable as humans cannot survive without the natural world.