Maps produced by Fondazione Eni Enrico Mattei (FEEM) is a nonprofit, nonpartisan research
institution devoted to the study of sustainable development and global
governance.
Emerging giant economies and the United States lived beyond their
environmental means as they raced for growth, said a UN survey unveiled
Sunday at the conference on sustainability here.
China, Brazil,
South Africa and the US all dug deep into Nature's treasure chest
between 1990 and 2008 as their economies expanded voraciously, it said
in a look at 20 nations accounting for three-quarters of global GDP.
The
findings came through a new benchmark called the Inclusive Wealth
Index, or IWI, presented at the UN Conference on Sustainable Development
in Rio.
The 10-gathering is due to climax in a three-day summit of world leaders, ending on Friday.
IWI aims at going beyond Gross Domestic Product (GDP), which looks at prosperity through the narrow lens of economic activity.
GDP
has long been criticized for encouraging short-term growth, ignoring
what can be devastating impacts on the ecosystem and failing to show
whether all sectors of society are benefiting.
"Rio+20 is an
opportunity to call time on Gross Domestic Product as a measure of
prosperity in the 21st century and as a barometer of an inclusive green
economy transition," said Achim Steiner, executive director of the UN
Environment Program (UNEP), which co-authored the report.
"It is
far too silent on major measures of human well-being, namely many social
issues and the state of a nation's natural resources."
The new
index looks at four baskets of assets, including use of natural
resources, level of education and health, in the search for a wider
picture of fair and sustainable growth.
From 1990-2008, GDP
expanded by 422 percent in China, by 37 percent in the United States, by
31 percent in Brazil and by 24 percent in South Africa.
But when seen through IWI's prism, things looked quite different.
On
this basis, China's economy expanded by only 45 percent, Brazil's by 18
percent and the United States' by just 13 percent. South Africa's
actually decreased by one percent.
The differences are explained
largely by population growth in many countries, but also by declining
natural resources, especially fossil fuels, according to the IWI.
The change with GDP is especially stark when assessed only for natural capital, one of the four assets used in the IWI mix.
During 1990-2008, natural resources per capita declined by 33 percent
in South Africa, by 25 percent in Brazil, 20 percent in the United
States and 17 percent in China.
Only Japan, among the 20 nations, did not see a fall in natural capital, thanks mainly to an increase in forest cover.
The
20 countries in the assessment were Australia, Brazil, Britain, Canada,
Chile, China, Colombia, Ecuador, France, Germany, India, Japan, Kenya,
Nigeria, Norway, Russia. Saudi Arabia, South Africa, the United States
and Venezuela.
The aim is to update the IWI every two years and widen its areas of coverage so that it becomes a useful tool for policymakers.
The
other author of the report was the International Human Dimensions
Program on Global Environmental Change, an initiative hosted by the
United Nations University.
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